GasLog and Shell agree to rejig LNG charter

GasLog and Shell have forged a deal that will keep an LNG carrier tied up year-round, ending the ship's annual return to the spot market.

The 155,000-cbm GasLog Skagen (Built 2013) had been on a seasonal charter with BG until 2021 that left it available for to other charterers for five months of the year.

With Shell now in the driver's seat after swallowing up BG last year, the new charter will put the vessel on continuous charter until August 2019.