Monaco, Dec. 26, 2018 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog”) (NYSE:GLOG) is pleased to announce that, as referenced in the GasLog press release of August 20, 2018, Cheniere Marketing International LLP has exercised its option for two new charter party agreements each for a firm period of seven years. To fulfil the Charters, two LNG carriers have been ordered from Samsung Heavy Industries in South Korea.
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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 owned fleet consists of 34 LNG carriers (including 25 ships on the water and nine on order). GasLog also has an additional LNG carrier which was sold to a subsidiary of Mitsui Co., Ltd. and leased back under a long-term bareboat charter. GasLog’s consolidated fleet includes 14 LNG carriers in operation owned by GasLog’s subsidiary, GasLog Partners. GasLog’s principal executive offices are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. Visit GasLog’s website at http://www.gaslogltd.com
Source: GasLog Ltd.