Navigating risk
The growth of the LNG spot market means more voyages, but with this comes a likely increase in the number of problems and delays to voyages. Clare Calnan, partner at shipping law firm Curtis Davis Garrard, discusses the extent to which shipowners may be held liable for these delays
The liquefied natural gas (LNG) industry is experiencing a period of dramatic growth. An increasing number of market players are beginning to establish a portfolio of liquefaction, regasification and shipping assets to take advantage of the arbitrage opportunities that arise in the various markets worldwide. Falls in production costs, higher gas prices and concerns over security of supply, have led to a growth in liquefaction and receiving capacity and in turn to the development of a fledgling
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