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GasLog charters final newbuild vessel to Total
Jul 11 2016, 09:17 ET | About: GasLog (GLOG) | By: Carl Surran, SA News Editor
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Gaslog (NYSE:GLOG) announces the charter of its Hull 2801, the company's only newbuild vessel without a multi-year contract, to Total (NYSE:TOT) for seven years.

GLOG says the daily charter rate is in line with its average long-term charter rate, and expects gross contracted revenue from the contract of ~$190M over the seven-year period.

GLOG says the vessel is under construction at Hyundai Heavy Industries in South Korea and is due to be delivered in 2018.
 

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