Capital Gas ship
Nov 8 (LNGJ) - Capital Gas Ship Management Corp., the LNG fleet owner headquartered in the Greek port of Piraeus, has taken delivery of its latest newbuild LNG carrier, the “Amore Mio I”. The ship with 174,000 cubic metres capacity was built at the Hyundai Heavy Industries shipyard in South Korea.
Capital Gas said that the carrier is the eighth of the 18 most modern LNG vessels that will be delivered to the company through 2027. The “Amore Mio I” is powered by MAN-MEGA engines and equipped with the latest available technologies, including an air lubrication system, shaft generators and an increased filling limits above 99 percent. “The vessel represents the vanguard of the new generation of LNG carriers, setting an industry benchmark with its exceptionally low environmental impact,” the company said.
Piraeus-based fleet owner GasLog launches latest LNG carrier at Samsung yard in Korea
GasLog Ltd., the LNG carrier fleet owner with 20 vessels and with another 15 ships held by its US affiliate GasLog Partners, has launched its latest carrier at the South Korean Samsung Heavy Industries shipyard.
The carrier named “GasLog Georgetown” was expected to be delivered for service by late October 2020.
The vessel has capacity of 180,000 cubic metres and will also feature WinGD’s low-pressure gas X-DF propulsion.
The X-DF engines are able to operate both on natural gas or diesel fuel.
GasLog took delivery of two newbuilds in 2019 and signed long-term charters with two new customers, JERA Co. Inc. of Japan and the Spanish utility, Endesa SA.
GasLog, which was previously based in Monaco now has its headquarters in the Greek port of Piraeus, has a total fleet of 35 vessels, with 28 carriers on the water and seven on order.
The company relocated senior management and more of its employees to the Piraeus office to improve efficiency and to reduce overheads.
GasLog reported annual and fourth-quarter losses in February 2020 of $119.9 million versus a profit of $30.3M in the same quarter of 2018.
For the year, GasLog’s losses came to $114.6M compared with a profit of $126.4M in 2018.
Annual revenues rose to $668.8M from $618.3M in the previous year, while fourth-quarter revenues slipped to $182.2M from $188.6M in the prior-year quarter.
