GasLog clinches long-term employment for LNG trio

US-listed Greek liquefied natural gas (LNG) shipping player GasLog has secured multi-year employment for three of its ships.

In its first-quarter results statement, the Peter Livanos-controlled company said it had chartered out the 2010-built 155,000 cu m GasLog Singapore to New Fortress Energy Transport Partners for two years and an option for additional 90 days.

Meanwhile, supermajor Shell declared its option and extended the charters of GasLog Partners’ 2016-built 174,000 cu m GasLog Geneva (pictured) and GasLog Gibraltar keeping the vessels well into 2028, with an additional three-year option remaining.

GasLog in April reached a definite merger deal with its New York-listed affiliate, GasLog Partners that will see it take the owner of 11 LNG ships private by acquiring around 70% of the partnership it does not currently own. The transaction is expected to close by the end of the third quarter of 2023, creating a fleet of nearly 40 LNG carriers, including four under construction.

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