Financing Larger LNG Vessels
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Introduction
Larger LNG vessels (200,000 cubic meters and over) present an opportunity to improve LNG transportation economics but they also add an additional element of risk to ship-owners. The shipping community is already contending with rising new building prices, increased competition resulting in falling time charter rates and more risk transfer from charterer to ship-owner. Larger LNG ships will further change the dynamics of the LNG transportation sector. In view of all these factors, ship-owners need to rethink their approach to LNG vessel investments from a contractual and financing ...