There is an excellent opportunity that just came to market. Gaslog, ticker GLOG, just had an IPO last week. This is a chance to get in at a great price. Don't miss this.
They are very well operated and have a very bright future
GLOG is an owner, operator, & manager of liquefied natural gas (LNG) carriers, providing support to international energy companies as part of their LNG logistics chain. Its owned fleet consists of 10 LNG carriers, including two ships delivered in 2010 and eight LNG carriers to be constructed by Samsung Heavy Industries. It currently manages and operates 14 carriers, including 11 owned by BG Group, and one carrier in which it has a 25% interest. GLOG has secured multi-year time charter contracts for the two ships delivered in 2010, and six of the new building ships on order. The total contracted revenue is in excess of $1.2 bln during initial terms, which expire between 2015 & 2021.
GLOG currently focuses on multi-year time charters. Current time charters have initial terms of up to seven years and include options that permit the charterers to extend the terms for successive multi-year periods under hire rate provisions that are comparable to those prevailing at the end of the expiring term