Sembawang Secures GasLog Deal

Sembawang Shipyard has secured a long-term Favoured Customer Contract (FCC) from GasLog LNG Services Ltd., to provide ship-repair, refurbishment, upgrading and related marine services for its managed fleet of 20 LNG carriers.

GasLog LNG Services Ltd. is a wholly-owned subsidiary of GasLog Ltd. (GasLog), an international owner, operator and manager of LNG carriers.

This long-term maintenance and refit FCC contract signed in Piraeus, Greece, commits the repairs, refurbishment and upgrading of GasLog’s fleet of LNG carriers docking in Singapore exclusively to Sembawang Shipyard.

It also supports joint planning, information and experience sharing, thus leveraging complementary resources to achieve sustainable targets in the areas of HSE (Health, Safety and Environment), quality, cost-efficiency and timely deliveries.

Mr. Theodoros Katemidis, General Manager, GasLog LNG Services Ltd., said: “Sembawang Shipyard is internationally recognised as one of the most technically competent and efficient repair yards in the world, especially in the area of LNG carriers repairs and upgrading.

The selection of Sembawang Shipyard as our exclusive refit partner for our scheduled dry-docking in Singapore is in line with GasLog’s global refit strategy to work towards implementing best practices across GasLog’s entire fleet and thereby optimizing repair processes.”

Ms. Wong Lee-Lin, Executive Director of Sembawang Shipyard, said: “Partnering with GasLog LNG Services Ltd. will not only increase our market share of LNG repairs/upgrading business, but will also enhance our capabilities level as a world-class shipyard for LNG carriers’ repairs and upgrades.”

With the signing of this long-term contract, Sembawang Shipyard can anticipate the refit of 3 to 5 GasLog’s LNG carriers each year.

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June 2, 2014