Even in a world of record low ship prices, LNG carriers remain good SLEP candidates. SLEP stands for Service Life Extension Program and is the term coined by the US Navy when Congress failed to give the Pentagon sufficient money to replace their oldest CVs on schedule. Missions being indifferent to budgets fathered some creative thinking and so at a fraction of the cost of new construction, four Essex class aircraft carriers were given fifteen years of additional service life after extensive refurbishment and upgrade. In addition to cost savings, SLEP was faster than new construction and the work was done at shipyards able to refit CVs but not equipped to build them.
This is only an excerpt of Big balls or just big bubbles? LNG Carrier Maintenance and Management
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