Indian Oil got no bids for three tankers to fetch Gulf crude and LPG as shipowners stay wary of sailing back into the Strait of Hormuz.

The supertankers, each signalling Indian ownership or India-bound cargo, carry between them nearly 6 million barrels of Iraqi and Kuwaiti oil

Three fully laden India-linked oil tankers have re-emerged in the Gulf of Oman, adding to increased reports of traffic moving both ways across the Strait of Hormuz.

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…