The private sector Varun Shipping Company has selected US-based American Marine Advisors (AMA) as its merchant banker to arrange funds for its liquefied natural gas (LNG) transportation venture.
"AMA has informed us that they can arrange funds the moment we are ready with a contract for LNG transportation," said B L Mehta, executive president of Varun Shipping Company.
This is not AMA's first project in the Indian market. About two years ago, it had brokered the sale of