$300m deal: In a first, France's firm eyes India for LNG-powered container ships

French shipping giant CMA CGM is eyeing India as a hub for constructing small, LNG-powered container vessels, signing a letter of intent for six ships worth $300 million. This historic deal, following discussions with Prime Minister Modi, marks India's first container ship order from a global mainline operator.

$300m deal: In a first, France's firm eyes India for LNG-powered container ships
French shipping giant CMA CGM is eyeing India as a hub for constructing small, LNG-powered container vessels, signing a letter of intent for six ships worth $300 million. This historic deal, following discussions with Prime Minister Modi, marks India's first container ship order from a global mainline operator.