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GasLog Places Order for 180,000 Cubic Meter Vessel From Samsung Heavy Industries

GasLog LP ( GLOG ), an operator liquefied natural gas carriers, disclosed early Monday that it placed an order for a vessel with Samsung Heavy Industries.

The newbuild 180,000 cubic meter Flex Plus vessel with XDF propulsion - Hull No. 2274 - is scheduled to be delivered in Q2, 2020, and is currently unchartered, according to a GasLog statement that did not disclose the value of its order.

The company said it has also agreed on options for additional newbuild vessels from Samsung.

"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," CEO Paul Wogan said.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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