Japanese financing firm to buy new LNG ships through billion-dollar fund

A Japanese financing firm is setting up a new fund of more than USD 5 billion for buying up LNG ships. The ships will be chartered out to major Japanese shipping companies, which thus get access to greener vessels without expanding their balance sheets.

Photo: Darryl Dyck/AP/Ritzau Scanpix

Tokyo-based financing firm Anchor Ship is launching a new fund totaling USD 5.65 billion, which will buy LNG ships and charter them out to major Japanese shipowners, writes Nikkei Asia.

At the same time, Anchor Ship is considering whether the fund should in invest in other ships that sail on green fuels such as hydrogen and ammonia.

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