Banks must come up with innovative ways of financing new LNG carriers if a vessel shortage in the coming years is to be avoided, delegates at the KNect365 LNG Shipping conference in London heard on Wednesday.
The increase in LNG spot trading is making it tough for shipowners to secure the long-term charters they need to persuade banks to finance new vessels.
More than a quarter of all LNG trading in 2016 was based on contracts of four years or less, according to figures from GIIGNL, an association of LNG importers.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up