• 2018 February 19 13:12

    GasLog reports financial results for 2017

    GasLog Ltd. and its subsidiaries, an international owner, operator and manager of liquefied natural gas ("LNG") carriers, has reported its unaudited financial results for the quarter and the year ended December 31, 2017.
     
    · Revenues of $135.8 million (Q4 2016: $126.5 million), Profit of $29.7 million (Q4 2016: $46.4 million) and Earnings per share(1) of $0.08 (Q4 2016: $0.36) for the quarter ended December 31, 2017.
    · EBITDA(2) of $89.7 million (Q4 2016: $84.8 million), Adjusted EBITDA(2) of $89.7 million (Q4 2016: $85.4 million), Adjusted Profit(2) of $21.4 million (Q4 2016: $18.9 million) and Adjusted Loss per share(1)(2) of $0.02 (Q4 2016: Adjusted Earnings per share of $0.02) for the quarter ended December 31, 2017.
    · Revenues of $525.2 million (2016: $466.1 million), Profit of $84.2 million (2016: $28.1 million) and Earnings per share(1) of $0.07 (2016: Loss per share of $0.39), for the year ended December 31, 2017.
    · EBITDA(2) of $355.9 million (2016: $301.0 million), Adjusted EBITDA(2) of $356.0 million (2016: $302.4 million), Adjusted Profit(2) of $78.7 million (2016: $57.5 million) and Adjusted Loss per share(1)(2) of $0.00 (2016: Adjusted Loss per share of $0.03) for the year ended December 31, 2017.
    · Completed the drop-down of the Solaris to GasLog Partners LP ("GasLog Partners" or the "Partnership") for $185.9 million on October 20, 2017.
    · As previously announced, confirmed the order for a 180,000 cubic meter ("cbm") GTT Mark III Flex Plus LNG carrier with dual-fuel two-stroke engine propulsion ("LP-2S") from Samsung Heavy Industries Co., Ltd. ("Samsung") which is scheduled to be delivered in the third quarter of 2019.
    · Quarterly dividend of $0.14 per common share payable on March 15, 2018.
    Post Quarter-end Highlights
    · Delivery of the GasLog Houston on January 8, 2018 and commencement of a short-term time charter agreement with a major LNG producer.
    · Amendment of the charter of the GasLog Hong Kong to Total Gas & Power Chartering Limited ("Total"), a wholly owned subsidiary of Total S.A., such that the charter will commence on delivery of the vessel in March 2018 and expire in 2025.
    · GasLog Partners completed a public offering of 8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units (the "Series B Preference Units"), raising net proceeds of $111.0 million.
    · GasLog Partners prepaid the outstanding $29.8 million of the junior tranche of the credit agreement entered into on February 18, 2016 (the "Five Vessel Refinancing"), due in April 2018.

    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 owned fleet consists of 28 LNG carriers (23 ships on the water and five on order). GasLog also has an additional LNG carrier which was sold to a subsidiary of Mitsui Co., Ltd. and leased back under a long-term bareboat charter. GasLog's consolidated fleet includes twelve LNG carriers in operation owned by GasLog's subsidiary, GasLog Partners. GasLog's principal executive offices are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.




2018 September 23

10:47 DEME unveils innovative nodule collector pre-prototype ‘Patania II’
10:33 Global Ship Lease secures additional charter coverage and adds Maersk Line to charterer portfolio
10:30 Hapag-Lloyd announces rates from Latin America to North Europe and South Europe

2018 September 21

18:06 Forth Ports wins prestigious award for community work
17:44 NCSP Group's cargo turnover for January–July 2018 totaled 82,351 thousand tons
17:28 First ISO-container ever loaded with liquefied natural gas at the LNG terminal in Świnoujście
17:06 Gibdock, RSP Systems and New Zealand fisheries choose LR
16:31 Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
16:04 Babcock ecoSMRT receives LR acknowledgement for ship application
15:09 Trafigura holds naming ceremony for first of 35 newbuild crude oil and product tankers
14:56 IBIA takes part in SIBCON 2018
14:27 Krasnoye Sormovo shipyard launches Pola Fiva, fifth dry cargo carrier of Project RSD59 built for Pola Rise
14:09 British International Freight Association fumes over sulphur surcharge
13:52 Ukraine’s water transport carried 0.5 million passengers in 8M’18, up 10.5%, Y-o-Y
13:31 Maersk’s regional carriers go to market under one brand
13:09 GE Shipping takes delivery of Secondhand Very Large Gas Carrier “ Jag Vasant ”
12:50 ABP aims for frictionless trade with blockchain
12:28 Cargo transportation by Ukraine’s water transport declined by 1.9% to 3.6 million tonnes in 8M’18
12:09 COSCO SHIPPING Tanker (Dalian) takes delivery of 319,000 dwt Mt Cosnew Lake
11:07 Odfjell finalizes sale of Rotterdam tank terminal
10:36 ABP promotes South Wales ports as cruise destinations
10:07 Georgia Ports plan 8 million TEU capacity by 2028
09:54 Brent Crude futures price up 0.06% to $78.75, Light Sweet Crude – up 0.14% to $70.22
09:35 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is up to 1,396 points
09:03 APL’s Eagle Express service makes a solution for precise logistics management
08:07 Yang Ming to upgrade China-Vietnam-Thailand service
07:20 Iskes Towage names twin Damen ASD Tugs 3212 Mars and Mercurius

2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)
11:04 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
10:55 IMO takes important step to facilitate use of methanol
10:30 HHI receives AiP from LR for a VLGC design capable of using LPG as fuel
10:19 Brent Crude futures price up 0.3% to $79.64, Light Sweet Crude – up 0.61% to $71.2
10:03 OpenIJ starts sinking operation of the lock gate chamber at the Port of Amsterdam
09:50 Passenger Port of Saint-Petersburg ("Marine Façade") welcomed MSC Meraviglia
09:34 CMA CGM announces GRR from India to East Africa
09:17 Baltic Dry Index is up to 1,373 points
09:03 Port of Rotterdam organises information meeting about the replacement of Maaskade quay wall