AsiaFinance and InsuranceGas
SK Shipping seeks financing for four LNG carriers
SK Shipping, the South Korean tanker giant, has made requests for proposal to around 20 local and foreign banks to raise $600m for the construction of four LNG carriers.
SK Shipping will transport shale gas for SK E&S imports from the Freeport LNG project in the US. The actual shipbuilding contracts for four 180,000 cu m ships is likely to be signed by the end of this year, with Korea’s top three yards – Daewoo, Samsung and Hyundai – in pole position to win the orders.
In September 2013, SK E&S signed a contract for 2.2m tons per annum (mtpa), commencing upon completion of construction of the third train of Freeport LNG’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.