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The Economic Times
The Economic Times

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

Indian Oil Oil India Indian Oil Corp Strait Strait of Hormuz

NEW DELHI: Indian Oil Corp has received no bids in tenders to charter vessels for lifting crude oil and liquefied petroleum gas cargoes from ports within the Strait of Hormuz, said two trade sources familiar with the matter.

India's top refiner ‌and fuel ⁠retailer ⁠last week floated three tenders to charter a very large gas carrier (VLGC), a very large crude carrier and a Suezmax.

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