Gaslog Lifts Options for LNG Carrier Pair at Samsung

Gaslog Lifts Options for LNG Carrier Pair at Samsung 1

The decision was made after Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, exercised options to charter two additional newbuilds from GasLog.

As disclosed, each ship has secured a firm charter period of seven years.

The options were part of a contract the duo inked in August this year, when GasLog booked the construction of two 174,000 cubic meter LNG carriers with low pressure two stroke propulsion, with expected delivery in late 2020. Each vessel secured a charter for a firm period of seven years.

The construction contract was worth KRW 412.3 billion (USD 367 million), according to SHI.

On Monday, SHI announced that it had received orders for two LNG carriers worth KRW 426 billion (USD 378 million). The identity of the shipowner behind the deal as well as other details of the order were not disclosed.

The latest contract brings SHI’s orderbook to 48 ships, worth USD 6.1 billion. The shipbuilder’s ordering tally for this year is dominated by LNG carriers, 17 of them, out of which 5 were booked this month alone.

Press Release: GasLog

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