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Monaco-based GasLog has signed a time charter party with Centrica to charter a vessel for a period of seven years.
The vessel, a 180,000 cubic metre LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries in South Korea. Centrica will charter the vessel from GasLog for a period of seven years starting in the second half of 2019. The daily charter rate is in line with GasLog’s average long-term charter rate.
Paul Wogan, Chief Executive Officer of GasLog Ltd., commented, “I am delighted to secure a new charter with Centrica, one of the leading European energy companies. This new charter is consistent with GasLog’s strategy of securing long-term contracts with high quality counterparties and further extends the dropdown pipeline to GasLog Partners.
“Centrica is an important new customer for GasLog and we look forward to providing them with first-class LNG shipping services as they continue to expand their LNG activities.”
Following this charter, GasLog has five new builds with contracts of between seven and 10 years, which deliver over the next three years providing significant inbuilt revenue and EBITDA growth.
Through its wholly-owned subsidiary, GasLog LNG Services, the company operate 24 LNG carriers including 19 owned vessels as well as five vessels owned or leased by Royal Dutch Shell plc.
The government says masks must still be worn outdoors, despite a significant drop in Covid-19 circulation and a request by the National Council to relax some of the stricter measures.
Divine food and beautiful locations with amazing chefs over seven weeks is the hallmark of SBM’s latest culinary event, taking place from the end of September through to mid-January.
To kick off European Sustainable Development Week, AS Monaco is presenting its new organic vegetable garden intended to help the team boost performance.
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Monaco will be hosting the World Gaming Expo (WGE) in December, a trade show with top-end exhibitors and high-quality conferences.
From December 6 to 8, WGE 2017 will attract gaming industry professionals from across the world to showcase new products and services, as well as offering several networking opportunities over the three days.
Two hundred of the sector’s leading companies and many professional service providers will be exhibiting, including software developers and financial advisers.
A full conference programme will be an important part of the Expo, highlighting new challenges and opportunities, the organisers say.
Monaco, renowned for its prestigious casinos, conventions and cultural events, has been chosen as the venue since it's seen as the world’s premier destination for luxury.
Organisers are hoping that the annual visit of WGE to the Grimaldi Forum will become a prominent feature in the Monaco calendar.