GasLog’s LNG carriers launched in South Korea

South Korea’s Hanwha Ocean, previously known as DSME, has launched two liquefied natural gas (LNG) carriers it is building for Greece’s GasLog.

GasLog said in a social media post on Wednesday that the launching event of HN2532, to be named GasLog Italy, and HN2533, to be named Marvel Phoenix, was held at Hanwha Ocean’s yard in Geoje.

The vessels are scheduled for delivery in August and September of 2024 respectively, the LNG shipping firm said.

Peter Livanos-led GasLog ordered these vessels and two other 174,000-cbm LNG carriers at Hanwha Ocean in December 2021.

Hanwha Ocean kicked off construction on the first LNG carrier in this batch, GasLog Italy, in March last year and laid the keel in September.

This vessel will go on charter to a “multinational oil and gas company” for a period of seven years and starting from the vessel’s delivery, GasLog previously said.

GasLog's LNG carriers launched in South Korea
Marvel Phoenix (Image: GasLog)

As per the second vessel, Hanwha Ocean started building this LNG carrier, Marvel Phoenix, in April last year.

GasLog chartered this LNG carrier to Japan’s Mitsui for a period of nine years.

The last two LNG carriers in this batch, scheduled for delivery in the second half of 2025, will serve Australia’s Woodside under charter deals.

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

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

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