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Samsung Heavy Industries receives LNG newbuild order from GasLog

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LNG Industry,

GasLog Ltd. has announced the order of a newbuild 180 000 m3 Flex Plus vessel with XDF propulsion from Samsung Heavy Industries. The newbuild vessel, Hull No. 2274, is scheduled to be delivered in Q2 of 2020 and is currently unchartered. Gaslog has also agreed options with Samsung for additional newbuild vessels.

Paul Wogan, Chief Executive Officer of GasLog, commented, "Given that the outlook for LNG shipping demand remains robust, and with increasing evidence that newbuild prices are starting to rise, we have moved to lock in a very attractive price for our second newbuild order in 2018. We remain confident that the unit freight cost advantage offered by the latest generation vessels will make this ship highly attractive to customers looking for the most competitive solution to their LNG shipping requirements."

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