LNG

Chiyoda Corp. of Japan, one of the leading global liquefied natural gas engineering and construction companies, has taken a $335 million hit on the setting up of its first subsea business in 2016.

Aug 20 (LNGJ) - Moody's expects that new investments by Japanese shipping companies Nippon Yusen Kabushiki Kaisha (NYK) Mitsui O.S.K Lines (MOL) and Kawasaki Kisen Kaisha will keep their debt levels high and slow deleveraging.

Continued high debt leverage due to a rise in LNG tankers on order could trigger downgrades for NYK and MOL, the rating agency warned.