DSME kicks off work on GasLog’s LNG tanker

South Korea’s Daewoo Shipbuilding and Marine Engineering has officially started building a 174,000-cbm LNG carrier for Greece’s GasLog.

The shipbuilder held a steel-cutting ceremony for the vessel (Hull No. 2532) on March 22 at its yard in Geoje, GasLog said in a social media post.

GasLog said the ceremony officially kicked off another shipbuilding journey for the GasLog family, but it did not provide any additional information.

The vessel in question is the first of four GasLog ordered at DSME in December 2021.

DSME kicks off work on GasLog's LNG carrier
Image: GasLog

GasLog previously said that it has chartered this LNG carrier to a “multinational oil and gas company” for a period of seven years and starting from the vessel’s delivery, which is expected in the third quarter of 2024.

Moreover, two of these four 174,000-cbm LNG carriers will go on charter to Australia’s LNG producer Woodside and one ship will serve Japan’s trading house Mitsui & Co.

The LNG shipping firm expects to take delivery of the Mitsui-chartered ship in the third quarter of 2024 as well, while the Woodside-chartered vessels are expected to join the fleet in the third and fourth quarter of 2025.

All of the LNG carriers will have ME-GI propulsion. ME-GI is short for M-type, electronically controlled, gas-injection propulsion.

In addition, the vessels will also feature a carbon capture and storage system.

- Advertisements -

Most Popular

Stena Bulk sells its last LNG carrier

Swedish shipping firm Stena Bulk has sold its last liquefied natural gas (LNG) carrier to an undisclosed Asian buyer. The...

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

South Korean yards built 500 LNG carriers for export in 30 years

South Korean yards have completed 500 liquefied natural gas (LNG) tankers for export since 1994, according to the Ministry...

More News Like This

South Korean yards built 500 LNG carriers for export in 30 years

South Korean yards have completed 500 liquefied natural gas (LNG) tankers for export since 1994, according to the Ministry...

Hanwha Ocean to build LNG carrier quartet for $920 million

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has received an LNG carrier order worth about $920 million...

Philippe Levy to lead Hanwha Ocean’s offshore business

South Korean shipbuilder Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as the president...

Hanwha Ocean bags $1.84 billion Qatari LNG carrier order

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has secured an LNG carrier order worth about $1.84 billion...