Samsung to build LNG carriers with Cochin Shipyard

May 21, 2015 10:46 am Published by

Korea’s Samsung has signed an agreement to build liquefied natural gas (LNG) carriers with Cochin Shipyard. This follows Gail’s Rs 42,370-crore global LNG ship tender with a ‘Make in India’ caveat failing to take off.

In February, Gail had scrapped the tender to hire nine LNG carriers, with a caveat that three of them be made in India.

Also, the government has initiated plans to set up an international ship repair facility on Cochin Port Trust land, besides developing a dry dock within Cochin Shipyard, the Minister of State for Shipping, Mr P. Radhakrishnan, said.

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This post was written by Atlantic Admin