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home / news releases / GLOG - GasLog Ltd.: World-Class LNG Shipper Offers Recession Hedge Alongside Solid Growth


GLOG - GasLog Ltd.: World-Class LNG Shipper Offers Recession Hedge Alongside Solid Growth

Introduction

GasLog Ltd. (GLOG) operates a fleet of liquid natural gas ((LNG)) shipping vessels. Currently comprised of 13 ships, GLOG will add seven ultra-modern new vessels to be delivered in 2020 and 2021. GasLog Ltd. is the general partner in an agreement with GasLog Partners (GLOP), who operates older vessels "dropped down" from the GLOG fleet. In June 2019, GLOG made a cash payment to terminate an incentive distribution rights agreement ((IDR)) in exchange for shares of GLOP to be paid out gradually until 2025. GLOG aims to sign its vessels

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Stock Information

Company Name: GasLog Ltd.
Stock Symbol: GLOG
Market: NYSE
Website: gaslogltd.com

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