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

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

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Subhayan ChakrabortyDhruvaksh Saha New Delhi

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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