GasLog announces delivery of GasLog Shanghai

GasLog announced the delivery of the fully owned LNG carrier GasLog Shanghai, from Samsung Heavy Industries. The vessel was delivered on budget and ahead of schedule.

Immediately on delivery she commenced a medium-term charter to Methane Services Ltd. (BG Group).

The vessel is a 155,000 cubic meter Tri-Fuel Diesel Electric LNG carrier that sets new standards for efficient performance and environmental protection. The vessel is classified to the ABS ENVIRO+ notation, signifying the highest level of environmental protection and energy conservation. Furthermore the vessel is equipped with a new type of cargo compressors that will reduce the release of greenhouse gasses and offer enhanced cargo and heel management.

The vessel will be operated by GasLog LNG Services Ltd. in accordance with their Marine Health, Safety, Quality, Environmental & Energy Management system which in December was certified by ABS to be in compliance with ISO50001.

GasLog has a further four LNG carrier newbuildings due for delivery this year, as well as two in 2014 and one in 2015.


Sovcomflot held a naming ceremony for the LNG carrier SCF Melampus, the third tanker in a series of vessels to be built under a partnership agreement between Sovcomflot and the South Korean shipyard STX Offshore & Shipbuilding.

Greek shipowners, closely followed in the shipping industry for their investment choices, have splashed a record $1.8 billion this year to buy 11 new LNG carriers. The owners are betting that falling energy prices will spur demand for such vessels as European countries move to became less dependent on Russian gas pipelines. The U.S. is also expected to start exporting liquefied natural gas in substantial volumes in 2018.
Golar LNG announced that it has entered into an agreement to sell its ownership interests in the companies that will own and operate the floating storage and regasification unit ("FSRU") Golar Eskimo ("Eskimo") to Golar LNG Partners L.P. ("Golar Partners") for a price of USD 390 million.
Shell has confirmed its plans to build a specialised LNG bunker vessel to deliver to LNG-fuelled vessels in northwest Europe.

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