Petronet Acquires Stake in LNG carrier

Wednesday, February 22, 2006
Petronet LNG signed a time charter agreement to take a 23 percent stake in an LNG vessel which will supply additional fuel to its re-gasification terminal in India. Petronet LNG set up India's first LNG re-gasification terminal at Dahej in Gujarat that has been in operation since 2003. The company currently receives its LNG supplies from Qatar under a long-term contract through two vessels on lease terms. Another partner in the $50-million LNG carrier is the Shipping Corporation of India with a 26 percent stake - the remaining stake being with a Japanese consortium comprising Mitsui OFK Lines, K-Line, and NYK. The ship, with a carrying capacity of 155,000 cubic metres, is scheduled for delivery by June 2009. (Source: NewKerala.com)
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Next LCS to be Named USS Minneapolis/St. Paul

Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21). The future Minneapolis/St.

MSC Upgrades Europe-West Africa Service

As part of our objective to continually improve our services to customers, MSC is delighted to announce an upgrade to its Angola Express service with a first

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

LNG

LaNaval Likely to Build Two LNG Fueled Ferries

Shipping company Baleària and Shipyard Construcciones Navales del Norte – LaNaval have reached this week an Agreement - expected to be firm in two months - for

Russia’s Novatek Sells 10% Of Yamal LNG To Chinese Fund

Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project

Hanjin Rolls Out First Philippine-made LPG carrier

Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which operates the world's fourth shipbuilding facility in Subic Freeport Zone, unveiled the

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6257 sec (2 req/sec)