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GAIL signs long-term charter contract with 'K' LINE for newly built LNG ship to expand fleet

Millennium Post Delhi

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November 30, 2024

NEW DELHI: Looking to expand its fleet of LNG carriers, GAIL (India) Limited on Friday signed a long-term time charter contract with Kawasaki Kisen Kaisha, Ltd. ("K" LINE) through the ship-owning company established in Singapore for a newly built LNG ship.

GAIL signs long-term charter contract with 'K' LINE for newly built LNG ship to expand fleet

"K" LINE has expertise of 40 years in LNG transportation.

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 Ship Owning Company has concluded a shipbuilding contract.

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