As of 1 January 2020, shipowners and lessors may apply an exceptional tax depreciation when acquiring equipment using decarbonised energy for the main or auxiliary propulsion of a vessel.
In recent years, various factors – whether political, commercial or technical – have combined to accentuate the advantages of LNG to Power projects.
In this article we explore the new legal framework in Vietnam for developing LNG to Power Projects and our practical experiences of the law in operation.
Partners Joe McGladdery and Simon Kavanagh, in the latest issue of Marine Money, look at some of the more significant issues faced generally by Owners when constructing and financing LNGCs against long-term charters.
LNG is seen by many as an ideal way to meet the ever-increasing demands for greater energy supply and reducing energy poverty, particularly in parts of the developing world, while still addressing the concerns of climate change.
Drawing on the findings of our recent report “The Sustainability Imperative”, this article takes a look at some of the possible fuels to replace heavy fuel oil in the shipping industry. While some of these alternative fuels may eventually prove to be intermediate solutions, they remain an essential part of the industry’s journey to its carbon neutral future.
In this article, we take a look at the high-level challenges of project financing LNG-to-power projects.
Both LNG Carriers Tangguh Batur and Tangguh Towuti have been recognised by the Maritime and Port Authority of Singapore’s Green Ship Programme for attaining Energy Efficiency Design Index certification.
How can we ensure the future success of both the maritime industry and the environment? We will be exploring this question at London International Shipping Week, the UK’s leading annual industry gathering.
We are delighted to have assisted longstanding client Teekay LNG in concluding further significant long-term financings for its exciting newbuilding programme in the LNG sector.