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GasLog Buy STX Pan Ocean LNG Carrier

GasLog Ltd. has signed a memorandum of agreement to acquire the 'STX Frontier', a 2010-built, 153,600 cubic meter LNG carrier from Singapore- based company STX Pan Ocean LNG PTE. Ltd. The intention is that GasLog will take over the vessel from STX Pan Ocean early in the fourth quarter of 2013 in Spain, which makes her well positioned to take advantage of the current tight supply of tonnage for this winter in the Atlantic.