GasLog tightens loss in Q3

By Adnan Bajic Piraeus-based LNG shipper GasLog has tightened its loss during the third quarter of 2020.

The company reported a loss of $354,000 for the period. This compares to a $13.5 million loss reported in the corresponding quarter in 2019.

Courtesy of GasLog

Revenues were $156.7 million for the quarter ended September 30, 2020, down from $165.6 million for the quarter ended September 30, 2019.

The decrease was attributable to a decrease of $23.7 million from the vessels owned by GasLog’s unit, GasLog Partners, mainly due to the expiration of the initial multi-year time charters of the Methane Jane Elizabeth, the Methane Alison

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