No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of LPG and crude from key Middle Eastern ports to India's west coast.

Raccontata daeconomictimes.indiatimes.comtass.comthehindubusinessline.comoilprice.com