Shipping and its consortium partners, Exmar marine NV
of Belgium, Tecto NV of Belgium and Indian Oil Corporation
Ltd, have been shortlisted for the contract for time charting
an LNG tanker for a period of 25 years by Petronet LNG
Ltd. The approximate value of this contract is Rs3,200
new joint venture company will be established for owning
and operating the LNG tanker by the consortium partners.
The LNG tanker, with a capacity of 156,100m3 will be built
at Daewoo Shipbuilding and Marine Engineering Company
Shipping believes that entering LNG transportation is
step forward as LNG is expected to be the fuel of the
future. The demand for imported LNG in India is expected
to grow exponentially in coming years.