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.
This post was written by Atlantic Admin