- GasLog Ltd. announces sale and leaseback of GasLog Salem
- sale of GasLog Salem to a wholly-owned subsidiary of China Development Bank Leasing (“CDBL”) for $128 million
- GasLog will bareboat charter-in the vessel from CDBL for a period of 5 years, ending in October 2026
- the GasLog Salem is a 155,000 cubic meter LNG carrier with tri-fuel diesel-electric propulsion built in 2015
- the vessel is currently on charter to Clearlake Shipping Pte. Ltd., a subsidiary of Gunvor Group Ltd. until March 2022
GasLog Ltd announced the completion of the sale of GasLog Salem to a wholly-owned subsidiary of China Development Bank Leasing (“CDBL”) for $128 million, releasing approximately $22 million of incremental liquidity says an article published on their website.
Gaslog to bareboat charter
Concurrent with the sale, GasLog will bareboat charter-in the vessel from CDBL for a period of 5 years, ending in October 2026, with no obligation to purchase the vessel at the end of the lease.
The GasLog Salem
The GasLog Salem is a 155,000 cubic meter LNG carrier with tri-fuel diesel-electric propulsion built-in 2015. The vessel is currently on charter to Clearlake Shipping Pte. Ltd., a subsidiary of Gunvor Group Ltd. until March 2022.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Gaslog
