India LNG ship construction plan "hitting the wall"

GAIL want to lease a number of LNG vessels for LNG imports from the United States, this project is supported by the government. However, the tender will be carried out about two weeks off, GAIL Chief executives said during LNG ship tender details, said no one is willing to cooperate and Indian shipyards.

GAIL did not disclose Which shipyard unwilling to cooperate, but said South Korea and Japan LNG ship builders have not shown interest in cooperation with the Indian shipyard three LNG vessels and to share key technology. GAIL has asked the Indian government to intervene on this issue.

Insiders said, GAIL require cooperation with Japan and South Korea shipyard shipyard in India LNG vessels and to share key technology, only a handful of LNG ships built by the Japanese and South Korean shipyards. However, South Korea and Japan shipyards are reluctant to create competition for their own future. Many small shipyards have LNG ship construction techniques, but can not meet the eligibility criteria GAIL strict construction. GAIL technical requirements must be relaxed to allow more shipyard cut.

According to GAIL on August 1 release of tender documents, the company plans to lease nine regular LNG ships, a term of 20 years beginning from September 2017. RightShipownersThe most critical is the price of the ship, because this is an important factor in relation to the daily rent and lease contracts. This nine LNG ship tender in three batches, each batch of three, one of which must be built locally in India, as of the date of submission of tenders to October 30, 2014. According to instructions issued by the Ministry of Oil India, GAIL tender LNG ship projects aimed at helping the Indian shipyard enter LNG ship construction market. After the owner to get the first batch of six LNG carriers GAIL contract had to be delivered in two batches: overseas shipyards built four arranged in August 2017 1-2018 delivered during April, in India the local shipyard built two LNG Boats can be delivered in six years after obtaining the contract.

Indian Prime Minister Modi said recently that the shipbuilding industry is now a great opportunity to contribute to the global shipbuilding industry in India is very small, but a small country like Korea have occupied nearly 40 percent of the global shipbuilding market share. He pointed out that India should encourage the development of the shipbuilding industry, and to encourage foreign investment in India's shipbuilding industry.