Gaslog Ltd (NYSE: GLOG) is one of the premier publicly-traded LNG shipping firms in the world. Its current fleet of large, modern vessels stands at 13, with an additional 7 vessels under construction. All of the under-construction vessels have been chartered out in long-term deals.
Due to the ever-increasing demand for energy and the desire for lower carbon emissions, the growth in global trade of LNG has continued its upward trend, gaining 13% in 2019, following a showing of 9.8% in 2018. In all, LNG annual trade has gone from 211 mtpa in 2010 to 355 mtpa at the end of 2019—a total surge of nearly 70%. Ashland believes LNG is replacing incumbent sources of energy, such as coal and fuel oil.
Eric was recently interviewed by online investment research platform SeekingAlpha to discuss Ashland's central investment theme in Hoegh LNG Partners (ticker: HMLP). Ashland's article is the most comprehensive and widely followed research covering HMLP on the SA platform.
Published: October 30th, 2019
Here's a brief summary of the thesis, which outlines why it is a core holding in the LNG Strategy Fund: