GasLog Ltd. (NYSE: GLOG-PA) owns, operates and manages a fleet of liquefied natural gas (LNG) carriers, providing maritime transportation services and vessel management support to international energy companies worldwide; its core offerings encompass time charter services for LNG shipping on global trade routes, technical management including crew provision and maintenance, and commercial operations for LNG logistics chains. The company maintains a diversified fleet of approximately 36 LNG carriers, comprising 34 vessels in operation and two under construction, alongside a 20% interest in a floating storage and regasification unit; vessels range from conventional sizes of around 145,000-174,000 cubic meters capacity, serving major energy producers and traders across regions including Europe, Asia, the Americas and the Middle East. Founded in 2001 and headquartered in Piraeus, Greece, GasLog Ltd. operates primarily in the oil and gas midstream sector, targeting LNG producers, importers and trading houses with long-term charter contracts that emphasize safety, operational excellence and cargo integrity.
In October 2024, GIC, Singapore's sovereign wealth fund, agrees to acquire BlackRock's approximately 45% shareholding in GasLog Ltd., enhancing the company's capital flexibility and growth prospects while Blenheim Holdings Ltd. (controlled by the Livanos family) and the Onassis Foundation retain their combined 55% stake; the transaction, expected to close in Q4 2024 pending regulatory approvals, follows BlackRock's 2021 investment and supports GasLog's fleet expansion with modern LNG carriers. Previously, in 2023, GasLog Ltd. completed the acquisition of the remaining 69.8% of GasLog Partners LP, fully consolidating its drop-down structure and streamlining operations under private ownership. These strategic shifts position GasLog Ltd. to capitalize on rising global LNG demand amid energy transitions, with offices in London and Singapore facilitating worldwide operations.