WFW advises MSC on financing for two new LNG-powered cruise ships18 April 2024
We advised MSC Cruises on the financing for two new LNG-powered cruise ships from French ship builder Chantiers de l’Atlantique
We advised MSC Cruises on the financing for two new LNG-powered cruise ships from French ship builder Chantiers de l’Atlantique
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With a decreased supply of liquefied natural gas (LNG) in Europe, many buyers are increasingly turning to U.S.-sourced LNG. New York Partner John Kissane and Associate Sabih Siddiqi look at what that might mean for the United States including ESG advancements in this latest article.
Join Watson Farley & Williams for our first Seoul maritime seminar, taking place on Thursday 12 October 2023.
The vessels were built by China’s Guangzhou Shipyard International and are currently the world’s largest luxury RoPax ships.
The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
The Golar Tundra will contribute circa 6.5% of Italy’s gas needs, bringing the Italian regasification capacity to more than 25% of demand.
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.