LNG

May 17 (LNGJ) - GasLog Ltd., the Monaco-Based and New York-listed LNG shipping company, reported first-quarter revenue of $16.6 million, EBITDA of $8.4M and profit of $2.2M. It said in its earnings statement that eight LNG newbuildings were on schedule and within budget. Its "GasLog Savannah" and "GasLog Singapore" were fully chartered in the quarter. Chairman and Chief Executive Peter G. Livanos, said: "We were satisfied that the completion of our recent offering has now provided the capital for us to implement the business plan for our committed new ships under construction. Our construction program at Samsung Heavy Industries in Korea is on time and on budget, with the first ship having been launched and undergoing outfitting on schedule for delivery in January 2013. GasLog, with its technical platform and customer relations, continues to be well placed to take advantage of the projected growth in the LNG trade."