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News Breaks
August 15, 2013
17:43 EDTGLOGGasLog announces new orders, charters
GasLog announced that it has ordered two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries in South Korea. The vessels are expected to be delivered in 3Q16 and 4Q16 2016, respectively, and upon delivery will commence firm seven-year charters with a subsidiary of BG Group. Due to the benefits accrued from building a series of ships, these vessels will have a lower delivered cost than the 2 vessels ordered in February and are expected to generate a combined annualized EBITDA of approximately $46M$47M over the first twelve months of operation. In addition, GasLog has secured up to 6 additional options from Samsung, 4 of which are priced, with delivery dates through 2017.
News For GLOG From The Last 14 Days
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August 27, 2015
10:06 EDTGLOGHigh option volume stocks
High option volume stocks: GLOG ACI NGD BEAT BAX TTPH STJ FNF SSTK
August 24, 2015
10:10 EDTGLOGHigh option volume stocks
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August 18, 2015
07:03 EDTGLOGDynagas, GasLog, Golar LNG to establish, operate LNG Carrier Pool
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07:02 EDTGLOGDynagas, GasLog, Golar enter LNG Carrier Pool agreement
Dynagas (DLNG), GasLog (GLOG), and Golar LNG (GLNG), jointly announce that they have entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. Tony Lauritzen has agreed to take overall responsibility for the running of The Cool Pool and Morten Nielsen has been appointed as Pool Manager, with the mandate to schedule employment for each pool vessel. The Cool Pool will focus exclusively on charters of 12 months duration or less. The scheduling of employment opportunities in excess of 12 months will remain the mandate of the respective vessel owner. If a pool vessel is scheduled by an owner for a charter that exceeds 12 months in duration such vessel will cease to form part of the LNG Carrier Pool's fleet. It is anticipated that The Cool Pool will commence operation in September 2015.

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