GasLog Ltd. Announces Sale and Leaseback of GasLog Salem
13 Ottobre 2021 - 3:15PM
GasLog Ltd. (“GasLog” or “Company”) today announced the completion
of the sale of GasLog Salem to a wholly owned subsidiary of China
Development Bank Leasing (“CDBL”) for $128 million, releasing
approximately $22 million of incremental liquidity. Concurrent with
the sale, GasLog will bareboat charter-in the vessel from CDBL for
a period of 5 years, ending in October 2026, with no obligation to
purchase the vessel at the end of the lease.
The GasLog Salem is a 155,000 cubic meter LNG carrier with
tri-fuel diesel electric propulsion built in 2015. The vessel is
currently on charter to Clearlake Shipping Pte. Ltd., a subsidiary
of Gunvor Group Ltd. until March 2022.
Contacts:
Joseph Nelson Head of Investor Relations Phone: +1
212-223-0643
Email: ir@gaslogltd.com
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 35 LNG carriers. Of these vessels, 16 are owned by
GasLog, four have been sold and leased back by GasLog under
long-term bareboat charters and the remaining 15 LNG carriers are
owned or chartered-in by the Company’s subsidiary, GasLog
Partners.
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