Pipavav Defence Signs Cooperation Pact with DSME to Gear up for LNG Contract


Tuesday / May 19, 2015

Pipavav-DSME-Ink-Pact-on-Construction-of-LNG-ShipsIndian shipbuilder PipavavDefence and Offshore Engineering Co. Ltd.have signed a cooperation pact with South Korean shipbuilding leader Daewoo Shipbuilding and Marine Engineering Co. Ltd.for boosting its LNG building capabilities.

In order to step up its efforts to import LNG from USA, India’s gas utility firm GAIL has planned the building of nine gas carriers, and is working towards issuing and finalizing a tender this May.

Pipavav’s cooperation deal enables it to have technology and Knowledge on construction of LNG carriers from its Korean partners. Likewise, Cochin Shipyard has teamed up with Samsung Heavy Industries, and Larsen and Toubro Shipbuilding has tied up with Hyundai Heavy industries company Ltd.

A precondition to the tender envisaged that a third of the newbuilds to be built locally to boost local shipbuilding capabilities.

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SNM Events News Service
Contact Editor: editor@snmevents.com

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