DIF Capital Partners invests in five LNG newbuilds

first_imgIllustration purposes only (Image courtesy of SHI)DIF Capital Partners, through its DIF Core Infrastructure Fund I, has signed a deal securing a 50 percent stake in a French incorporated company that will own and operate a fleet of five to-be-built LNG carriers. The independent infrastructure fund manager, DIF Capital Partners said it signed final documentation alongside ship-owner Geogas Maritime and Access Capital.The remaining 50 percent will be held by Nippon Yusen Kabushiki Kaisha (NYK), DIF Capital Partners said in its statement.The five 174,000-cbm vessels will be built by South Korean shipyards and equipped with state-of-the-art LNG fuelled propulsion technology, resulting in best-in-class environmental performance, the statement reads.The first ship is expected to become operational in April 2020. All five ships will fly the French flag.The vessels will be chartered to a French and European utility under long-term contracts and will be project financed under a customary French lease structure.last_img

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