CDB Leasing inks deal for another GasLog LNG carrier

The Hong-Kong listed firm revealed this in a stock exchange filling last week.

CDB Leasing’s unit entered into a vessel purchase deal with an entity owned by GasLog Partners, Gas-four, on August 16.

This entity owns the 2013-built 155,000-cbm, GasLog Santiago.

According to the filling, CDB Leasing will buy the LNG carrier for $151 million.

After the completion of the transaction, CDB Leasing’s unit will enter into a separate operating lease agreement with the seller to lease the vessel with fixed rent, the filling said.

GasLog Partners, a part of Greek LNG shipping firm GasLog, recently said in its quarterly results report that it is working on a sale and lease back deal for one of its tri-fuel diesel electric (TFDE) LNG carriers.

The company did not reveal the name of the LNG carrier or any other information.

Last year, CDB Leasing has entered into deals to purchase two LNG carriers from GasLog and GasLog Partners for $248 million.

These vessels are the 2013-built 155,000-cbm, GasLog Sydney, and the 2014-built, GasLog Saratoga.

In March 2022, GasLog and a unit of CDB Leasing also completed the sale and lease-back of the 2013-built 155,000-cbm, GasLog Skagen.

In total, the fleet of both GasLog and GasLog Partners consists of 38 LNG carriers with four vessels under construction, according to GasLog’s website.

GasLog recently named a new LNG carrier at Hanwha Ocean’s yard in Geoje, South Korea.