ONGC-MOL JV selects Samsung Heavy for ethane carriers
pre-market1 source ↓written by the desknot a recommendation
- carriers valued
- $370 million
A joint venture between ONGC and MOL has awarded a contract to Samsung Heavy Industries for two very large ethane carriers valued at $370 million. The contract will be signed at the India Energy Week in Goa. This strategic move enhances India's capabilities in the ethane transportation sector, potentially impacting the shipping industry positively.
Not investment advice. For informational purposes only.