Cochin Shipyard, Global United bid for $7-bn LNG tender

Consortium proposes to build six LNG vessels under BOT model

A complete Indian bid for $7-bn LNG tender

The Make In India initiative launched by the government in 2014 seems to be taking shape on the ground. Last month, state-owned Cochin Shipyard and Chennai-based Global United Shipping India proposed a joint bid under the build–operate–transfer model for six new liquefied natural gas (LNG) vessels for gas utility firm GAIL, making it the only Indian bid for the country’s biggest shipping tender. This tender worth $7 billion has already received bids from two Japanese consortia, whose date for submission of offer was March 31, 2016. While Mitsui OSK Lines-Nippon ...