OMC-ShipMin talks for manufacturing domestic large vessels pick up pace

Shipping Ministry wants sectoral players to provide long term contracts for shipowners

As the government looks to finalise its national shipbuilding mission with a slew of incentives and policies, state-owned players in the oil & gas sector have already pushed for being given priority access to domestically manufactured large ships, according to multiple officials aware of the developments.

 

This has been requested at multiple inter-ministerial meetings between public sector oil & gas companies, the Ports, Shipping and Waterways Ministry (ShipMin), and the Petroleum and Natural Gas Ministry, according to an official.

 

“The oil & gas sector requires a major number of ships in the coming years to accommodate the growing need to