GasLog has established a balance sheet to withstand a long downturn in the LNG market, its chief executive explained as it reported fourth quarter accounts in line with Wall Street expectations.
Peter Livanos-backed GasLog netted $576.50m last week to refinance five ships having already secured $1.3bn for eight newbuildings.
Paul Wogan, the CEO of GasLog, said in a statement: “GasLog executed a number of important financing transactions during the quarter and post quarter-end which we believe has given GasLog the balance sheet strength to manage a prolonged downturn in the LNG shipping markets.
“Our
