US-listed GasLog has seen its third-quarter revenue slide as five steam-turbine LNG carriers redeliver from their long-term contracts with energy major Shell.
In its third-quarter results statement, the company flagged up that another three tri-fuel diesel-electric ships will be handed back next year as their multi-year contracts end.
Speaking about its subsidiary GasLog Partners LP, the company said: “Although the partnership has been successful in finding continued employment for certain of its available vessels, term employment to date has been concluded at current market rates, which are below those achieved during the initial charters.”
