LNG

South Korea’s three main shipyards, the leading builders of LNG carriers, have received only half the orders they brought in a year ago because of the worldwide lockdowns as China moved ahead in terms of shipbuilding orders for a second straight month.

GasLog Ltd., the Monaco-based LNG carrier fleet owner with 19 vessels and with another 15 ships held by its US affiliate GasLog Partners, said it signed an export credit agency-backed debt financing facility of $1.05 billion with 12 international banks for its current newbuilding programme.