ONGC-MOL JV selects Samsung for ethane carriers
after close1 source ↓written by the desknot a recommendation
- contract
- $370 million
A joint venture between ONGC and MOL has awarded a $370 million contract to Samsung Heavy Industries to construct two very large ethane carriers. The contract signing will take place at the India Energy Week in Goa. This move enhances India's capabilities in the ethane transport sector and strengthens ties with South Korean shipbuilders.
Not investment advice. For informational purposes only.