Cochin Shipyard to Build Small-Scale LNG Carriers
- Business & Finance
India’s Cochin Shipyard Limited is looking to design and construct small-scale liquefied natural gas (LNG) carriers as the shipbuilder signed a Memorandum of Understanding (MoU) with M/s Engineers India Limited on the project.
Signed on October 16 in Kochi, the MoU is part of the initiative under the ambit of government of India’s “Make in India” programme.
The agreement is also in alignment with the government of India’s vision of SAGARMALA and Inland Water Ways Development initiatives.
Cochin Shipyard said that the MoU would create an LNG value chain ecosystem to cater to the coastal and inland water transport segment in the Indian sub-continent.
The agreement also covers the mutual co-operation for the vendor development, training, certification process of skilled manpower between the organizations.
The move comes on the back of Cochin Shipyard’s recently acquired license for the construction of membrane technology of Gaztransport Technigaz (GTT), France for the cargo containment systems of large LNG vessels.