Summary

It is a widely held view that traditionally, non-contracted LNG ships cannot be project financed. However, the LNG shipping business, well known for its conservative practices, is undergoing some dynamic fundamental changes in how ships are viewed and the role they play in the industry. The intention of this paper is to highlight the hurdles inhibiting project financing noncontracted LNG ships. It further assesses whether the dynamic changes occurring in the LNG industry will overcome these hurdles in a bid to increasing lender confidence towards investing in ...