Image: GasLog​

[LNG Prime/ May 1, 2023] South Korea’s Daewoo Shipbuilding and Marine Engineering has started building the second of four 174,000-cbm LNG carriers for Greece’s GasLog.

The shipbuilder held a steel-cutting ceremony for the vessel (Hull No. 2533) on April 20 at its yard in Geoje, GasLog said in a social media post.

This is the second of four vessels GasLog ordered at DSME in December 2021.

DSME kicked off construction on the first vessel in this series (Hull No. 2532) on March 22. 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, which is expected in the third quarter of 2024.

As per the second vessel, GasLog chartered this LNG carrier to Japan’s Mitsui and expects to take delivery of the LNG carrier in the third quarter of 2024 as well.

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 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.