Supertankers Racing Empty to Lift Oil Highlight Vessel Shortage
A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty
A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty
Four out of India’s seven largest refiners are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as
India’s imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the
HD Hyundai has signed a strategic partnership with the Tamil Nadu state government to establish a new shipyard in India, marking the latest move by the South
Two separate US delegations are in New Delhi this week to hold talks with their India counterparts, seeking to repair bilateral ties even as a trade deal
Russian President Vladimir Putin offered India uninterrupted fuel supplies on Friday, eliciting a cautious response even as he and Indian Prime Minister
India’s state-run refiners Indian Oil Corp. and Bharat Petroleum Corp. have bought Russian crude for January delivery, lured by discounts and plentiful
Nov 17, 2025 India’s trade deficit widened to a record last month, with exports to the US plunging for a second consecutive month after President Donald
MSC Mediterranean Shipping Company has confirmed its commitment to deploy 12 vessels under the Indian flag following discussions with Prime Minister Narendra
DP World announced a $5 billion investment pledge for India’s infrastructure development at India Maritime Week 2025, building on three decades of
A.P. Moller – Maersk announced a series of strategic initiatives to expand its operational footprint in India during India Maritime Week 2025, with plans
By Weilun Soon (Bloomberg) — An India-bound tanker filled with Russian crude reversed course and is now idling in the Baltic Sea, a sign of potential
India’s state-run refiners are considering whether they can continue to take some discounted Russian oil cargoes by leaning on small suppliers instead of
Indian refiners have not placed new orders for Russian oil purchases since sanctions were imposed, as they await clarity from the government and suppliers,
Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on
India and the US are nearing a trade deal that could lower tariffs on Indian exports to 15%–16% from about 50%, the Mint newspaper reported, citing three
Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just
Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain
The CMA CGM Group has signed a letter of intent with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, to build six dual-fuel LNG
The growing policy divide between the United States and the European Union on Russian oil exports to India is likely to play out in a small reduction in crude
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