You are here: Home » Reuters » News
Business Standard

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping


By Nidhi Verma and Jessica JaganathanNEW DELHI/SINGAPORE (Reuters) - Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.India's Ministry of Shipping asked the refiners to issue long-term crude import tenders on a pilot basis and include a right of first refusal for Indian shipping lines, a government source familiar with the matter said on Monday.The shift to the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, December 04 2017. 16:01 IST