NEW DELHI: The Inland Waterways Authority of India (IWAI) and Mitsui O.S.K Lines (MOT) (Asia Oceania) Pte Limited, inked a memorandum of understanding (MoU) on Thursday, February 25, for the transportation of Liquified Natural Gas (LPG) via inland waterways.
The MoU was signed in the presence of Mansukh Laxmanbhai Mandaviya, Minister of State for Ports, Shipping and Waterways, Government of India. As part of the agreement, IWAI will accommodate the adequate fairway and handling of LPG cargo on IWAI terminals and Multimodal Terminals at Haldia, Sahibganj and Varanasi according to notified provisions and rates on the request of MOL and fend for lease available dept-information on a fortnightly or monthly basis.
The MOL Group is the world’s largest gas carrier company and will invest in the construction and operation of dedication LPG barges under the Centre’s Make in India initiative. The Aegis Group proposed investments for setting up storage terminals and necessary infrastructure at the harbor for moving out products from barges.