Daewoo Shipbuilding and Marine Engineering, based in South Korea, has started construction on the second of four 174,000-cbm LNG carriers that will be delivered to GasLog, based in Greece.
The shipyard celebrated the completion of the vessel (Hull No. 2533) with a steel-cutting ceremony on April 20 at its yard in Geoje, according to a post made by GasLog on social media.
This is the second ship out of a total order of four that GasLog placed with DSME in December of 2021.
On March 22, DSME began construction on the first vessel in this series, which was assigned Hull Number 2532. This vessel will be chartered out to a “multinational oil and gas company” for a duration of seven years beginning upon the delivery of the vessel, which is anticipated to take place during the third quarter of the year 2024.
Regarding the second vessel, GasLog chartered this LNG carrier to Mitsui of Japan, and the company anticipates taking delivery of the LNG carrier in the same quarter of 2024.
Under the terms of charter agreements, the final two LNG carriers from this batch are slated for delivery in the second half of 2025. They will provide service to Australia’s Woodside.
Every single LNG carrier will be equipped with ME-GI propulsion. ME-GI is an abbreviation that stands for “M-type,” “electronically controlled,” and “gas-injection propulsion.”
In addition to that, each of the vessels will be equipped with a device that can capture and store carbon.