GAIL India signs long-term charter deal with K-Line for new LNG ship

State gas utility GAIL (India) Ltd on Friday signed an agreement with Kawasaki Kisen Kaisha, Ltd for long-term charter hire of a newly built LNG ship. The pact was signed through the ship-owning company established in Singapore, GAIL said in a statement. 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 ...