NYK LNG (Atlantic) has told Fairplay it is no longer considering ordering tankers speculatively and is spreading its equity finance risk to weather the financial storm.rnThe LNG tanker market, which has so far fared better than the dry bulk sector in the economic slump, due to the fact that most of its business is dependent on long-term charters rather than spot prices, is also beginning to feel the pinch as asset financing becomes much harder to find.rn"Several years ago we decided tornorder ships speculatively, but the reality now is not as good as we expected," said Akira Kono, general manager of the London-based NYK unit."But those three vessels we did order are on mid-term charters now so there's no exposure at the moment."
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