Japanese Owners Bid for GAIL’s LNG Carriers

Aside to South Korean shipbuilding majors, GAIL India’s USD 7 million tender for nine LNG carriers has reportedly sparked the interest of Japanese shipowners.

Specifically, a consortium comprising Japanese shipping companies Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK Line) and Mitsui & Co Ltd and another group including Mitsubishi Corporation, Kawasaki Kisen Kaisha (K Line) and GasLog Ltd submitted their bids to hire the LNG carriers intended to transport gas from the US, India’s newspaper Live Mint reports citing sources familiar with the matter.

Gaslog is the only non-Japanese firm to enter the race.

In March, India’s gas utility pushed back the tender deadline for the time-charter from February until March 31st.

The decision to postpone the tender was attributed to bidders’ request to be given more time to finalize their offers.

The tender is quoted in three lots of three ships each, out of which three ships are to be built in India to boost Indian shipbuilding capabilities.

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>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >