Four consortia bid to win Petronet-LNG shipping contract

Vol 4, PW 22 (16 Dec 00) News in Brief

Competition to secure a 25-year contract to ship 5m t/y LNG on behalf of Petronet-LNG has narrowed to four consortia.

When bids closed at 1700hrs on Thursday, 16th November, the following four consortia submitted price bids for the estimated $400m contract: Mitsui OSK Lines/NYK Line-K/Shipping Corporation of India Exmar/Great Eastern Shipping/Indian Oil Corporation Malaysia International Shipping/Essar Shipping Osprey Maritime/Al Manhal The following shortlisted consortia did not bid: Hyundai Merchant Marine Company; Hanjin Shipping Company; Samsung Corporation/SK Shipping and Leif Hoegh/Foresight.