Greek Shipowner Peter G. Livanos of GasLog has inked a multi-month time-charter deal in the second quarter of 2023 with Pioneer Shipping Limited, a wholly owned subsidiary of Centrica, for the GasLog Sydney, a tri-fuel diesel electric LNG carrier.
In a second quarter results statement on Friday the company detailed that it had also agreed with a wholly owned subsidiary of Shell, the time charter of the GasLog Gibraltar, a TFDE LNG carrier, to be extended by five years, following the exercise of their extension option, with the contract now set to expire in 2028.
Peter Livanos-controlled GasLog said it had agreed a multi-year charter deal with KE Fuel International (Kansai) for the tri-fuel diesel electric (TFDE) LNG carrier Solaris.
In addition, the owner revealed a one-year charter extension with Chinese independent CNTIC VPower Energy for a steam LNG carrier Methane Alison Victoria, with the contract now to expire in 2024.
The Greek shipowner, operator and manager of LNG carriers also confirmed the sale on July 17 of the ship GasLog Athens, a 145,000 cubic meter steam turbine propulsion (steam) LNG carrier, to an unrelated third party.
When the MoU agreement was signed in January 2023 the vessel was reclassified as held for sale and a non-cash impairment loss of $9.3 million was recognized.
GasLog has completed the previously announced merger with GasLog Partners, an international owner, operator and acquirer of LNG carriers, and a partnership controlled by GasLog Ltd.
Shipping Telegraph has reported in January this year that GasLog Partners LP have received a buyout offer from GasLog Ltd.
It was also reported that GasLog, acquired all of the outstanding common units of GasLog Partners.
