#gulf-cargoes
No bids made in Indian Oil Corp tender for ships to carry Gulf cargoes
Shipowners stay cautious amid uncertainty over transit through the strategically vital Strait of Hormuz.
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 regi…