LNG carrier GasLog has taken delivery of a new LNG carrier, GasLog Wales
The vessel immediately commenced a 12-year charter with LNG Marine Transport Ltd, the principal LNG shipping entity of Japanese firm JERA.
GasLog’s CEO Paul Wogan said “I am very pleased to announce the delivery of the GasLog Wales and commencement of her 12-year charter to JERA, one of the world’s largest LNG buyers. The vessel is the second of seven vessels we will be taking delivery of through the third quarter of 2021, representing approximately US$145 million of incremental EBITDA per annum once fully delivered.
I want to thank our crew, site team and shore staff as well as our partners at Samsung for their hard work and dedication in delivering the GasLog Wales safely and on budget, despite the many challenges presented by the Covid-19 pandemic.”
GasLog Wales, an 180,000 m3 cargo capacity newbuild LNG carrier is equipped with dual fuel medium speed propulsion (X-DF engines) and Mark III Flex Plus containment system
GasLog has taken delivery of vessels GasLog Warsaw in 2019 and most recently GasLog Windsor in April 2020.
The company also held its annual AGM on 14 May 2020 and announced the election of six directors: Peter G Livanos, Bruce L Blythe, Donald J Kintzer, Julian R Metherell, Anthony S Papadimitriou and Paul Wogan.
Shareholders also approved the appointment of Deloitte LLP as GasLog’s independent auditors for the fiscal year ending December 31, 2020.