Shipowner GasLog said there remains “significant uncertainty” on near-term LNG demand and shipping requirements as a result of the Covid-19 pandemic.
Announcing second quarter results, GasLog said the group’s charter coverage for the remainder of 2020 is 82% with contracted time-charter revenues of approximately $295m. But the company warned of greater volatility on rates for its spot trading vessels.
GasLog said it recognised a non-cash impairment loss of $22.5m
