GasLog, the US-listed and Monaco-based shipping line whose fleet numbers 27 LNG carriers, has told investors in New York that the LNG shipping market was evolving with more fragmentation, inter-basin trading and value maximization helping to increase shipping intensity.

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GasLog Ltd, the Monaco-based LNG shipping and project company, said it signed a sale and purchase agreement to acquire a 20 percent stake in Gastrade, a venture licensed to develop an offshore liquefied natural gas hub to serve northern Greece and Bulgaria.

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GasLog Ltd., the Monaco-based LNG fleet operator with 22 ships owned and operated, has signed a seven-year time charter party with France’s Total Gas & Power Chartering for a vessel currently being built at Hyundai Heavy Industries in South Korea.

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