Gaslog Ltd: Fleet Buildout Expands Profitability
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.
Growth in Global LNG Boosts Carriers
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.
Hoegh LNG Partners: Loading Up For Acquisitions Amid Gas Surge
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:
