GAIL (India) is believed to be in talks with Golar LNG, one of the world’s leading owners and operators of LNG carriers, to ferry gas from the US starting 2017. .
The South Korean government said Wednesday that it will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade. Also, the Korean government will require local shipbuilding companies to go through harsh restructuring and downsizing through mergers and acquisitions (M&As) to overcome the current difficulties.
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