LNG

March 12 (LNG) - GasLog, the Monaco-based LNG shipping company with a fleet of 27 LNG carriers including 22 on the water and five on order, has signed a contract for another newbuild with Samsung Heavy Industries of South Korea. GasLog said the 180,000 cubic metres capacity vessel was scheduled for delivery in the second quarter of 2020 and is currently unchartered. “Given that the outlook for LNG shipping demand remains robust, and with increasing evidence that newbuild prices are starting to rise, we have moved to lock in a very attractive price for our second newbuild order in 2018,” said Paul Wogan, Chief Executive of GasLog. “We remain confident that the unit freight cost advantage offered by the latest generation vessels will make this ship highly attractive,” he added.