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.
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.