The LNG carriers will likely be constructed by Samsung Heavy Industries Co., Ltd for a complete totally built-up price of roughly US$1.1 billion and are scheduled for supply in 2027.

Upon their deliveries, the 5 LNG carriers will every function beneath a fixed-rate time-charter contract with a global vitality main for a agency interval of 10 years, every of which will be prolonged on the choice of the charterer.

Seapeak expects to finance the preliminary newbuilding building instalment funds by means of an fairness contribution from funding funds managed by its sponsor, Stonepeak. In the end, Seapeak expects to safe long-term debt funding to finance the remaining building prices.

Learn the article on-line at: https://www.lngindustry.com/lng-shipping/25112022/seapeak-orders-lng-newbuilds-from-samsung-heavy-industries/