Gail Pushes LNG Tender Deadline to February

Image Courtesy: Petronet LNG

India’s gas utility Gail India Ltd has postponed the closing date for its tender related to the construction of  nine LNG carriers for two months, giving Indian shipyards the necessary time to prepare for building these vessels.

The tender, quoted in three lots of three ships each, out of which three ships would have to be built in India to boost Indian shipbuilding capabilities, has now been extended to the end of February, 2016.

The move was undertaken after the Indian shipbuilders said they need time to tie up technology for the construction of LNG carriers.

After the company postponed the tender deadline three times, the tender was finally closed in February 2015 due to failure to attract bidders.

The company reopened the tender in September, which led three local builders, namely Cochin Shipyard Ltd, L&T Shipbuilding Ltd, a unit of Larsen and Toubro Ltd (L&T), and Pipavav Defence and Offshore Engineering Ltd, to partner with international companies to construct the technologically-advanced ships.

India’s Cochin Shipyard Ltd entered into a deal with South Korean Samsung Heavy Industries, L&T Shipbuilding Ltd partnered up with Hyundai Heavy Industries, and Pipavav teamed up with Daewoo Shipbuilding and Marine Engineering.

However, Indian shipbuilder Larsen & Toubro Ltd soon decided to withdraw from the race for the LNG carriers, due to a requirement set by the tender that the shipyards must hold an equity stake of as much as 13% in the carriers that are to be built locally.

As World Maritime News recently reported, Cochin Shipyard received a license by French containment systems specialist Gaztransport & Technigaz (GTT) for the construction of LNG carriers using GTT’s membrane containment systems after successfully completing the GTT qualification process including membrane tank mock-up installation. Cochin is the first Indian shipyard to be licensed by GTT.

The LNG carriers ordered overseas are to be completed by May 2019, whereas the batch to be built by domestic shipyards should be delivered between July 1, 2022 and June 30, 2023.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >