GasLog, a shipping company controlled by Peter Livanos, is reportedly planning to order new LNG carriers from China's Jiangnan Shipyard . The vessels are expected to be up to $30 million cheaper than similar newbuildings ordered from shipyards in South Korea. Sources indicate that GasLog has signed a letter of intent to acquire two LNG carriers, with an option to purchase two additional vessels. This move suggests strategic positioning to capitalize on competitive pricing in the global shipbuilding market. The potential deal with Jiangnan Shipyard aligns with broader industry trends, where strategic decisions on fleet expansion are influenced by cost considerations and market demand for LNG carriers. This action could also signal a shift in preferences towards China for shipbuilding needs due to more affordable pricing.

Source: https://www.tradewindsnews.com/gas/peter-livanos-controlled-gaslog-linked-to-incoming-low-priced-lng-carrier-orders-in-china/2-1-1832678