Japan`s Mitsui OSK signs charter with India`s GAIL for LNG carrier
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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 with a charter period from 2023, according to a joint statement by MOL and GAIL on Wednesday.
This is the second charter agreement for an LNG carrier signed between MOL and GAIL, which is India's largest gas distributor, it added.
The first carrier, under the agreement signed in 2019, ships LNG from the U.S. Gulf Coast to India.
