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Title: New Concepts In LNG Shipping
Author: Richard A. Norman
Source: American Gas Association 1974
Year Published: 1974
Abstract: In relation to the new concepts in LNG shipping, the following should be considered: 1. The recent price increase of imported oil (and LNG) is so high that many projected LNG import projects will not be fully developed, 2. Those LNG projects that are developed will require a total smaller number of LNG ships that originally projected- 3. Existing LNG ship designs will have a competitive edge over new designs because of proven operational performance and reliability. 4. Shipyards already in the business will have a reluctance to try new LNG ship designs because of sunk costs in existing designs and an uncertain market to pay off new investments. 5. New shipyards desiring to enter the business will be at a competitive disadvantage because of initial startup costs, lower unit orders over which to amortize investments and buyer reluctance to try a new design over a proven design.

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