The impact of the oil price collapse on various industries over recent months has resulted in energy companies having to reduce capital budgets to protect against falling revenues. While some projects are expected to continue into production, the final decision to proceed with a number of others has been put on hold. This has exerted further pressure on an already static charter market for LNG carriers, where the number of open ships continues to grow and expected new cargoes fail to materialise.
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Fall in oil prices could prove good news for LNG shipowners as banks retrench
There is a silver lining for owners looking to finance newbuilding programmes, writes Joe McGladdery, a partner in the London law offices of Wikborg Rein & Co
10 April 2015 0:00 GMT
Updated
10 April 2015 0:00 GMT