GasLog Ltd (GLOG-A)

[Tommy]

$GLOG - GasLog Ltd. announces delivery of GasLog Skagen

http://www.gaslogltd.com/investor-relations/news

GasLog Ltd. is pleased to announce the delivery of the fully owned LNG carrier GasLog Skagen, from Samsung Heavy Industries. The vessel was delivered on budget and ahead of schedule.

Immediately on delivery she commenced a medium-term charter to Methane Services Ltd. (BG Group).

The vessel is a 155,000 cubic meter tri-fuel Diesel Electric LNG carrier that sets new standards for efficient performance and environmental protection. The vessel is classified to the ABS ENVIRO+ notation, signifying the highest level of environmental protection and energy conservation. Furthermore the vessel is equipped with a new type of cargo compressors that will reduce the release of greenhouse gasses and offer enhanced cargo and heel management.

The vessel will be operated by GasLog LNG Services Ltd. in accordance with their Marine Health, Safety, Quality, Environmental & Energy Management system which in December was certified by ABS to be in compliance with ISO50001.
GasLog has one further LNG carrier newbuilding due for delivery this year, as well as two in 2014 one in 2015 and two in 2016.