The New York-listed LNG carrier owner will reward investors with a $0.12 per share dividend, up from $0.11 previously.

GasLog had the addition of four LNG carrier newbuildings to thank for net earnings of $9.2m for the three months ended 30 September.

The result was triple the $2.9m booked at the same stage of last year and amounted to earnings per share of $0.15 versus $0.05 per share a year earlier.

Revenue soared to $43.2m from $16.9m thanks to its fleet expansion.

GasLog welcomed the GasLog Shanghai, GasLog Santiago, GasLog Sydney and GasLog Skagen this year, all of which are tied to BG Group on long-term charter contracts.

A secondhand ship, the GasLog Chelsea (ex: STX Frontier), was delivered from STX Pan Ocean last month.

GasLog has six newbuildings on order at Samsung Heavy Industries and a further six options at the yard, four of which are at a fixed price.

As we report in this week's printed edition of TradeWinds, out tomorrow, the company looks set to exercise two of those options by the end of the year.