Japan’s Mitsui OSK Lines (MOL) and state-run GAIL (India) Ltd have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier.
The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (042660.KS) with a charter period from 2023, according to a joint statement by MOL and GAI.
This is the second charter agreement for an LNG carrier signed between MOL and GAIL, which is India’s largest gas distributor. The first carrier, under the agreement signed in 2019, ships LNG from the U.S. Gulf Coast to India.
Tags: Charter, GAIL, LNG, MOL
Recent Posts
Govt to introduce hydrogen-based process for steel production
LR to support Shandong Marine Group’s green energy transition
Bureau Veritas assesses technical viability of carbon capture tech
Ricardo gets AiP for marine hydrogen fuel-cell system
K Line successfully conducts B100 trial
Centre extends bid deadline for oil, gas blocks
CoolCo inks long-term charter deal with GAIL
Airbus launches aviation liquid hydrogen project