International owner and operator of liquefied natural gas (LNG) carriers, GasLog, has entered into new time charter agreements for two of its LNG carriers.
The first of the time charter agreements involves GasLog Singapore LNG carrier and it was signed with New Fortress Energy (NFE) Transport Partners. This deal has a duration of approximately two years.
The second time charter deal with Shell for GasLog Gibraltar was extended by five years, following the exercise of their extension option. The contract now expires in 2028.
In addition, a wholly-owned subsidiary of Shell extended the charter agreement for GasLog Geneva by five years, with the contract now running until 2028. Last month, GasLog and GasLog Partners signed a definitive merger agreement pursuant to which GasLog will acquire all of the outstanding common units of GasLog Partners not beneficially owned by GasLog.
World Maritime News