GAIL (India) plans to have seven or eight liquefied natural gas (LNG) in the next three to four years on a long-term charter or ownership basis in order to ferry the fuel to India from abroad. From 2017, the company plans to enter the LNG shipping business as it would enable the firm transport the fuel it agreed to buy from the USA
Tag: charter
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Cabinet to consider chartering demands of SAIL, RINL
According to unconfirmed media reports, the union cabinet may decide on whether to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to charter hire vessels to import raw materials. Every year, the two firms together import around 14-15 million tonne of raw materials. As SAIL is expanding capacity to 23.46 million tonne per annum and RINL
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NITC charters vessel from Mercator
Reports suggest that Mumbai-based Shipping firm Mercator last month gave its vessel the Omvati Prem to the Iran-based National Iranian Tanker Company (NITC) on charter basis for ferrying crude oil to India. This is for the first time the state-run tanker company of Iran NITC chartered an Indian vessel cove