MONACO—(BUSINESS WIRE)— GasLog Ltd. (“GasLog” or the “Company”) (NYSE:GLOG) today announced that it has taken delivery of the STX Frontier, a 2010-built, 153,600 cubic meter Tri-Fuel Diesel Electric LNG carrier from STX Pan Ocean LNG PTE. Ltd., a Singapore based company. The vessel has been renamed GASLOG CHELSEA.
Paul Wogan, CEO; said, “We are delighted to have completed the purchase of this vessel. Our ability to secure the financing and take delivery of this vessel all within a relatively short period of time demonstrates the strength of GasLog’s operational platform. We believe this modern asset will provide great value for our shareholders based on the attractive purchase price and our expectations for the charter market going forward.”
04/10/2013, Source: GasLog Ltd.