GasLog Ltd., (GasLog) announces that it has ordered four newbuild 174,000 cubic meter liquefied natural gas carriers with the latest generation MEGI propulsion from Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) for delivery in 2024 and 2025.

About GasLog

GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 39 LNG carriers (35 on the water plus 4 under construction). Of these vessels, 21 are owned by GasLog, three have been sold and leased back by GasLog under long-term bareboat charters and the remaining 15 LNG carriers are owned by the Company’s subsidiary, GasLog Partners LP.

About DSME

Started in 1973 at Okpo Bay, Geoje Island, located on the southeastern tip of the Korean Peninsula, the shipyard of DSME was completed in 1981. DSME has since grown into the world's premium shipbuilding and offshore contractor who is specialized in building various vessels, offshore platforms, drilling rigs, FPSO/FPUs, submarines, and destroyers.
The shipyard which spans an area of 4.9 million meters squared encompasses the world's largest dock with a million-ton capacity and is optimized for building high-tech motor vessels using cutting-edge equipment, including a 900-ton goliath crane.