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GasLog Ltd. Places a Newbuilding Order at Daewoo Shipbuilding and Marine Engineering Co., Ltd.

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GasLog Ltd. has announced the order of four new 174,000 cubic meter liquefied natural gas carriers, featuring advanced MEGI propulsion technology, from Daewoo Shipbuilding and Marine Engineering. These vessels are scheduled for delivery in 2024 and 2025. Currently, GasLog operates a fleet of 39 LNG carriers, including 35 in the water and four under construction. The company aims to support international energy companies in their LNG logistics chain.

Positive
  • Order of four new LNG carriers strengthens fleet capacity.
  • New MEGI propulsion technology may enhance operational efficiency.
  • Scheduled delivery in 2024 and 2025 indicates future growth potential.
Negative
  • None.

Hamilton, Bermuda, Dec. 01, 2021 (GLOBE NEWSWIRE) -- GasLog Ltd., (“GasLog” or “Company”) today announces that it has ordered four newbuild 174,000 cubic meter liquefied natural gas carriers with the latest generation MEGI propulsion from Daewoo Shipbuilding and Marine Engineering Co., Ltd. for delivery in 2024 and 2025.

Contacts: 

Joseph Nelson 
Head of Investor Relations 
Phone: +1 212-223-0643 

Email: ir@gaslogltd.com 

About GasLog 

GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 39 LNG carriers (35 on the water plus 4 under construction). Of these vessels, 21 are owned by GasLog, three have been sold and leased back by GasLog under long-term bareboat charters and the remaining 15 LNG carriers are owned by the Company’s subsidiary, GasLog Partners LP.


FAQ

What did GasLog Ltd. announce on December 1, 2021?

GasLog Ltd. announced the order of four new liquefied natural gas carriers for delivery in 2024 and 2025.

What is the capacity of the new LNG carriers ordered by GasLog?

The new LNG carriers ordered by GasLog have a capacity of 174,000 cubic meters.

Who is the manufacturer of the new LNG carriers ordered by GasLog?

The new LNG carriers are being built by Daewoo Shipbuilding and Marine Engineering.

What type of propulsion will the new GasLog LNG carriers use?

The new LNG carriers will feature the latest generation MEGI propulsion technology.

How many LNG carriers does GasLog currently operate?

GasLog currently operates a fleet of 39 LNG carriers.

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