GasLog (GasLog) Average Age of Fleet in Years : 0.00 (As of . 20)

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What is GasLog Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for GasLog's Average Age of Fleet in Years or its related term are showing as below:

GLOG's Average Age of Fleet in Years is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

GasLog Average Age of Fleet in Years Historical Data

The historical data trend for GasLog's Average Age of Fleet in Years can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GasLog Average Age of Fleet in Years Chart

GasLog Annual Data

Trend

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Dec20

Average Age of Fleet in Years

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Competitive Comparison of GasLog's Average Age of Fleet in Years

For the Oil & Gas Midstream subindustry, GasLog's Average Age of Fleet in Years, along with its competitors' market caps and Average Age of Fleet in Years data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GasLog (NYSE:GLOG) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

GasLog Average Age of Fleet in Years Related Terms

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GasLog (GasLog) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GasLog Ltd (NYSE:GLOG) » Definitions » Average Age of Fleet in Years

Comparable Companies

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Traded in Other Exchanges

GLOGpA.PFD:USA

Address

c/o GasLog LNG Services Ltd, 69 Akti Miaouli, Piraeus, GRC, 18537

Website

https://www.gaslogltd.com

GasLog Ltd is engaged in the ownership, operation, and management of vessels in the LNG (Liquefied natural gas) market, providing maritime services for the transportation of LNG on a world wide basis and LNG vessel management services. The group conducts its operations through its vessel-owning subsidiaries and its vessel management services subsidiary. The company operates around 39 LNG carriers.