Joint development project demonstrates the effectiveness of applying CFD analysis to simulate LNG boil-off. ABS, a leading provider of classification and technical services to the marine and offshore industries, and GasLog LNG Services Ltd. (GasLog) have completed a joint development project demonstrating a new approach to evaluating LNG boil-off rate (BOR). GasLog is an … [Read more...]
GasLog Partners Shows How to Cruise in a Frozen Market
By Liam Denning (Bloomberg Gadfly) -- GasLog Partners LP is an unsexy business operating in decidedly ugly times. So, naturally, it's worth a look. GasLog operates a fleet of ships ferrying cargoes of liquefied natural gas, or LNG, around the world. LNG, whereby gas is chilled to an ungodly temperature, turning it into a liquid, allows gas to be sold by tanker to … [Read more...]
BG Group Sells Pair of LNG Carriers to GasLog
LONDON, Dec 22 (Reuters) - Methane Services, a subsidiary of British energy firm BG Group, has sold two liquefied natural gas (LNG) vessels to GasLog Ltd for $460 million. GasLog said it would charter the two carriers, Methane Becki Anne and Methane Julia Louise, back to BG for periods of 9-11 years, with the option of extending the charter periods for each vessel by three … [Read more...]
GasLog Heads to Hyundai Heavy for LNG Newbuilds
Bermuda-based GasLog (NYSE:GLOG) announced Wednesday an order for two new LNG carriers from South Korea's Hyundai Heavy Industries, marking the ship owner and operator’s first new vessel order from the world’s largest shipbuilder and a departure from rival Samsung. The 174,000 cubic meter vessels have been ordered with proven tri-fuel diesel electric (TFDE) propulsion with … [Read more...]
GasLog to Acquire Trio of Samsung-Built LNG Carriers
GasLog Ltd. (NYSE:GLOG) announced an agreement has been reached today with BG Group affiiate, Methane Services Ltd. (MSL), to purchase three of MSL's LNG carriers at an aggregate cost of $468 million. The three ships targeted by GasLog will come from a group of six, steam powered, 145,000 cbm sister ships built between 2006 and 2007 at Samsung Heavy Industry, all of which … [Read more...]