This is part two of an article from US credit rating agency Standard & Poor’s on applying credit analysis in the LNG industry, particularly in relation to LNG carriers, and the financial and legal risks involved

Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York

LNG newbuild carrier prices have varied over time. The variation is due to a number of factors, mostly the price of material, especially steel, as well as exchange rates and yard utilization.

The steep fall in prices in the late 1990s was due to the Asian crisis, during which time South Korean shipyards offered favorable pricing and payment arrangements for newbuilds in order to attract foreign currency.

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