GAIL signs long-term charter contract with K-Line for LNG ship
The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co Ltd, Korea, with which the ship owning company has concluded a shipbuilding contract.
The contract was signed in the presence of R K Jain, GAIL Director (Finance), Sanjay Kumar, GAIL Director (Marketing), and R K Singhal, GAIL Director (Business Development) by S Bairagi, GAIL Executive Director (Marketing — Shipping & International LNG) and Satoshi Kanamori, Managing Executive Officer (LNG, Carbon Solution Business), K-Line.
«This is the first long-term time charter contract between GAIL and K-Line involving a newly built vessel which is expected to be engaged in transportation of Liquified Natural Gas (LNG) for GAIL in 2027,» it said.
GAIL has four LNG vessels — GAIL Bhuwan, GAIL Urja, Grace Emilia, and Maran Gas Pericles, to transport natural gas in a super cooled form.
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