Gaslog News

Singapore-based Seatrium has renewed its long-term favored customer contract (FCC) with GasLog LNG Services and Shell International Trading and Shipping Company (STASCO) to provide ship repairs, refurbishment and upgrading for their LNG carriers until 2029, with further renewal options.The contract marks a collaborative partnership between Seatrium and these two leading maritime companies with whom the Singaporean group has established a long history of collaboration.The contract involves the repairs…

Ship classification organization ABS said Tuesday it had joined an elite working group comprised of global maritime leaders to study onboard carbon capture technologies.The collaborative project brings together ABS, Diana Shipping Services S.A., Equinor ASA, GasLog LNG Services Ltd., Maran Gas Maritime Inc., Minerva Gas Inc., Neptune Lines Shipping and Managing Enterprises S.A., Norwegian Maritime Authority (NMA), Prime Tanker Management Inc., Solvang ASA, Springfield Shipping Co.

Samsung Heavy Industries (SHI) held aTechnology Road Show in Europe as an official debut of its new design ship.SHI held its "Samsung Technical Seminar in Athens" at the Marriott Hotel in Athens, Greece, and announcing details on a pair of new designs: an LNG carrier and a container ship.SHI reports the event attracted 70 people from 35 companies, including shipowners such as Minerva, GasLog, Shell and Total."The technology road show is SHI's active marketing method for new design and innovative technologies and is the most effective way to increase contact with customers…

A.P. Møller Holding A/S has acquired offshore vessel services firm Maersk Supply Service A/S from A.P. Møller – Mærsk A/S, through the closing of the previously announced transaction.In connection with the closing of this acquisition, A.P. Moller Holding has elected a new CEO and Board of Directors for Maersk Supply Service A/S. Christian M. Ingerslev will take over the Chief Executive Officer (CEO) position from Steen S. Karstensen, who has been at the helm of Maersk Supply Service since 2016.

Work has begun to develop Greece’s first Floating Storage Regasification Unit (FSRU) at the Keppel shipyard in Singapore, with the conversion of GasLog’s DNV classed LNGC Gaslog Chelsea, recently renamed Alexandroupoli.Following conversion, FSRU Alexandroupoli will serve as an offshore storage and regasification facility and will be part of the Alexandroupolis Independent Natural Gas System (INGS). The 155,000-cbm LNG carrier, recently reflagged to the Greek flag, is the first FSRU conversion under the Greek Flag for operation in the Aegean Sea.

The first liquefied natural gas (LNG) vessel arrived on Friday at Freeport LNG's long-idled export plant in Texas since the facility shut in a fire in June last year, according to ship tracking data from Refinitiv.The vessel Kmarin Diamond is operated by a unit of oil major BP, one of Freeport's big customers, according to several vessel tracking services.News of the vessel's arrival helped boost U.S. natural gas futures by over 5% in post-settlement trade on Friday as the second biggest U.S. LNG export plant will consume a lot of gas once it starts production again.The contract had closed at a 25-month low earlier in the week due mostly to mild weather and low heating demand.Freeport has said it would soon start sending gas to one of the plant's three liquefaction trains…

Kongsberg Digital signed an agreement on the Vessel Insight infrastructure with Gaslog LNG, meaning the entire fleet, counting 35 vessels will be digitized.“Our goal is to limit the impact of our operations on the marine environment and minimize our emissions, while making LNG shipping reliable and profitable for our customers. We are glad to enter this contract and partnership with Kongsberg Digital to innovate and improve the efficiency of our fleet,” says Marios Sarafidis, Energy & Decarbonization Manager.

Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years.France, Germany, and the Netherlands among others will need to import liquefied natural gas (LNG) to replace pipelined gas from Russia, which has been hit by sanctions during the Ukraine conflict.European users are grabbing floating storage and regasification units (FSRUs) needed to convert LNG to gas…

The kick-off ceremony for the realization of Gastrade SA's LNG FSRU facility in Alexandroupolis, Greece, was held on Tuesday, May 3, 2022, in the old Storage House of the Alexandroupolis Port Customs.Once delivered, the FSRU, with a capacity of 153,500 c.m. of LNG, will be moored in the offshore area 17.6 km southwest of the port of Alexandroupolis. It will be connected to the National Natural Gas Transmission System (NNGΤS) of Greece with a 28 km long pipeline, through which the gasified LNG will be transmitted to the markets of Greece…

Shell has signed a five-year contract for the installation of Kongsberg's JAWS (Just Add Water System) software on board 45 of the LNG carriers chartered by Shell.These are LNG carriers that already utilize the Kongsberg Maritime K-IMS Information Management System application suite. K-IMS is a web-based solution that gives both ship crews and shore teams continual access to crucial voyage and vessel data. The provision of JAWS as an application within the K-IMS suite renders it instantly available to all K-IMS users.The contract signing follows a successful year-long trial…

Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD).For the first contract, Keppel Shipyard has received the Final Notice to Proceed (FNTP) from GAS-fifteen Ltd, a  GasLog Carriers subsidiary, for the conversion of a Liquefied Natural Gas (LNG) Carrier into an FSRU.

GasLog Ltd. has ordered four new liquefied natural gas (LNG) carriers from South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).The 174,000 cubic meter capacity newbuilds are scheduled to be delivered in 2024 and 2025.The ships will feature the latest generation MEGI propulsion, "setting the bar for energy efficiency very high with a best in class EEDI," according to Gaslog.The company said its fleet consists of 39 LNG carriers, including 35 on the water and four under construction.

Wärtsilä’s Optimized Maintenance Agreement has been selected by Greek shipowner and operator Gaslog to cover 10 of the company’s very large liquefied natural gas (LNG) carrier vessels. The agreement, signed in June 2021, is designed to ensure certainty of operations with budgeted maintenance costs, Wärtsilä said.The tailored agreement covers the vessels’ twin two-stroke dual-fuel main engines, enabling them to benefit from condition monitoring and asset diagnostic services, including Wärtsilä’s Expert Insight solution and remote operational support capabilities.

GasLog Partners announced its directors appointed Paolo Enoizi, currently Chief Operating Officer (COO) of the Partnership’s General Partner, GasLog Ltd., and GasLog Partners, as Chief Executive Officer (CEO) of the Partnership, effective August 1. Enoizi will continue to serve as COO of GasLog and GasLog Partners following his appointment as CEO of GasLog Partners. Paul Wogan will step down from his position as the Partnership’s CEO on July 31; however, he will remain CEO of GasLog.In addition, GasLog Partners announced changes to the Board. Paul Wogan will step down as Director of the Partnership, effective July 31. GasLog, the Partnership’s General Partner…

Greek shipowner GasLog has taken delivery of a new 180,000m3 XDF liquefied natural gas (LNG) carrier, GasLog Wellington.The third in a series of four new vessels being built for GasLog by Samsung Heavy Industries in South Korea, the ship will go on long term charter to U.S.-based LNG exporter Cheniere.The newbuild features the latest technological developments in cargo containment, boil off gas management and propulsion, GasLog said.

Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space.Yet that is exactly what designers are attempting to do.In the biggest technological challenge for merchant shipping in decades, companies are beginning to develop a new generation of vessels that can deliver hydrogen to heavy industry, betting plants worldwide will convert to the fuel and propel the transition to a lower-carbon economy.There are at least three projects developing pilot ships that will be ready to test transporting the fuel in Europe and Asia within the next three years…

GasLog signed an Export Credit Agency-backed debt financing of $1.05 billion with 12 international banks for its current newbuilding program.The LNG carrier owner and operator has seven LNG carriers on order at South Korean shipyard Samsung Heavy Industries (SHI), five of which are for delivery in 2020 with two more due in 2021.The Newbuild Facility covers the balance due to the shipyard on delivery and consequently the final installments of the seven newbuildings are fully funded.Five of these seven newbuildings are scheduled to deliver from the yards into firm multi-year charters in 2020 and the remaining two into firm multi-year charters in 2021.The facility has a tenor of up to 12 years with an amortization profile of 18 years from vessel delivery.

Greek shipowner GasLog has taken delivery of a newbuild liquefied natural gas (LNG) carrier from Korean shipbuilder Samsung Heavy Industries. The 180,000-cubic-meter-capacity GasLog Wales will operate on a 12-year time charter agreement with the principal LNG shipping entity of Japan’s JERA, GasLog said in its latest quarterly report.The handover follows the April 1 delivery of Samsung-built sister ship GasLog Windsor, now on a seven-year charter with a wholly owned subsidiary…

Greek shipowner GasLog announced Monday its newest liquefied natural gas (LNG) carrier HN2300, to be named GasLog Georgetown, commenced sea trials off South Korea.Built by Samsung Heavy Industries, HN2300 is a 174,000-cubic-meter capacity XDF LNG carrier with a Mk III Flex Plus cargo containment system giving a low boil off rate of 0.07%, combined with a sub cooler.Upon delivery, GasLog Georgetown will be operated under a seven-year charterer for U.S.-based Cheniere.The ship will be the fourth newbuild delivered to GasLog in 2020…

Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).For Aeroflot, the cash is needed to fight the economic fallout from the COVID-19 pandemic.Sovcomflot (SCF) which is raising money to spend on new projects and reduce debt aims to list in early October…

The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China raised tariffs on LNG imports from the United States to 25% last year.The tanker berthed on Monday in Tianjin, where China National Offshore Oil Corp (CNOOC) and Sinopec operate LNG terminals, ship-tracking data from Refinitiv and data intelligence firm Kpler showed.Aboard is a cargo that loaded at the Freeport LNG plant in Texas.Three more U.S LNG deliveries are expected in China in April and two cargoes are scheduled to be discharged in May…

Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after Shell said that Prelude would resume loading cargoes after production had been suspended for nearly a year following an electrical trip.The facility loaded its first cargo since coming back online on Jan. 8 onto the LNG tanker Symphonic Breeze…

Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after colder conditions drove a scramble for supplies and record high freight rates, a top LNG tanker player said.A cold snap in Europe and Asia in January and in North America last month increased heating demand, prompting prices to jump in several markets, while inventories fell."You need to replenish stocks because of the cold northern hemisphere winter in both Asia and in Europe.