Sovcomflot, NYK and Samudera agree LNG carrier refinancing deal
The partners involved in Indonesia's Tangguh LNG project have secured new finance from two big Japanese banks. The facility will be used for refinancing sister ships Tangguh Towuti and Tangguh Batur, the two LNG carriers servicing the Tangguh LNG plant
The market’s confidence in the partners, which jointly own and operate the vessels, demonstrates their ability to gain uninterrupted access to finance amid market cyclicality, and maintain a smooth debt repayment profile and a robust long-term liquidity position. Ship financing has been affected by the ongoing coronavirus backdrop