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Lexington LNG
Lexington LNG Limited is a new pure play Company established to own and operate small scale LNG assets at an opportune time in the cycle
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Focus on Small Scale LNG (“SSLNG”) Vessels (30,000 cbm)
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Founded by Tobias Koenig and David Kanter
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Leveraging on strong track record of previous platform
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Transparent and clean corporate structure
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Lean and efficient set-up with no legacy issues
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Aligned interests and shared incentives between founders, management and shareholders
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The company is planning to acquire LNG newbuildings vessels at attractive levels
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Lexington LNG has LOIs at high quality Yards on attractive terms
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28-34 Months to Delivery
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“Best in class” fleet and low cash-break-even
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Highest Spec Fleet “Wärtsilä Ship Design”
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Seeking long term contracts
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efficient operating structure
A new opportunity to tap the growing demand
for small scale LNG vessels
Market Potential
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LNG use is growing rapidly, driven by LNG-fueled power plants in Europe, Asia, Africa, South America and the Caribbean.
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Land transportation and heavy industry are using increasing volumes of LNG
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LNG is also rapidly growing as a marine fuel, because of costs and environmental concerns
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100 LNG fueled ships currently in operation, 101 more on order
Pure Play – Small scale LNG Company
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Only pure play investment vehicle established for the burgeoning SSLNG market
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No legacy issues, lean, transparent and cost efficient organization → low cash break-even
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Early mover advantage. Ships delivered around 2020 IMO low sulfur regulation
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Sponsors have decades of experience in the shipping industry
Strategy
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Aim to Time Charter vessels long term to “Blue Chip” charterers
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Already in discussions with several potential charterers
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LOIs with four shipyards to build initial fleet of three (+3 options) SSLNG vessels
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Eco ships with dual-fuel-hybrid engines and high operating efficiency