IOC Chief Calls for Stronger Indian Shipping Fleet to Cut Crude Oil Import Costs - India Seatrade News
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IOC Chief Says India's Freight Bill Is Swallowing Its Cheap Crude Discount
India needs to build up its own shipping capacity or watch freight costs consume the benefit of discounted crude purchases, Indian Oil Corporation chairman A S Sahney said, in a blunt admission that the country’s tanker fleet has not kept pace with its refining ambitions. “We have been neglecting shipping… we have to build our […] <p>The post IOC Chief Says India’s Freight Bill Is Swallowing Its Cheap Crude Discount first appeared on Maritime Ga…
IOC Chief Calls for Stronger Indian Shipping Fleet to Cut Crude Oil Import Costs - India Seatrade News
India needs to strengthen its domestic shipping fleet and expand crude oil and liquefied petroleum gas (LPG) storage capacity to help refiners maximise the benefits of discounted crude imports, Indian Oil Corporation (IOC) Chairman A S Sahney said on Tuesday. Speaking at the Energy Technology and Innovation Meet in Goa, Sahney highlighted the growing burden […]
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