Stephenson Harwood advises China Development Bank on US$1.6 billion financing of Yamal LNG ice-class carriers
Law firm Stephenson Harwood LLP has advised China Development Bank on the US$1.6 billion financing of six Arc7 LNG carrier newbuildings for a joint venture between Teekay LNG Partners and China LNG Shipping. The first vessel – EDUARD TOLL – was delivered earlier this month.
The vessels will operate under long-term charters servicing the Yamal LNG project in Russia and will have ice-breaking capabilities which will enable year-round use of the Arctic sea routes.