New LNG Carrier Delivered to GasLog
LNG carrier 'GasLog Shanghai' delivered on budget ahead of schedule from Samsung Heavy Industries (010140.KS).
The vessel is a 155,000 cubic meter Tri-Fuel Diesel Electric LNG carrier that sets new standards for efficient performance and environmental protection. The vessel is classified to the ABS ENVIRO+ notation, signifying the highest level of environmental protection and energy conservation. Furthermore the vessel is equipped with a new type of cargo compressors that will reduce the release of greenhouse gasses and offer enhanced cargo and heel management.
The vessel will be operated by GasLog LNG Services Ltd. in accordance with their Marine Health, Safety, Quality, Environmental & Energy Management system which in December was certified by ABS to be in compliance with ISO50001.
Immediately on delivery 'GasLog Shanghai' commenced a medium-term charter to Methane Services Ltd. (BG Group (BRGXF)).
GasLog has a further four LNG carrier newbuildings due for delivery this year, as well as two in 2014 and one in 2015.