Indian Oil plans to buy its own oil, LPG ships as freight costs surge 4 times
To bolster its shipping logistics, Indian Oil Corporation is planning to acquire its own carriers and is looking into shipbuilding ventures within India as part of the Make in India initiative. The rise in geopolitical tensions has led to higher shipping costs, necessitating these strategic changes. IOC has also…
Reported by The Times of India. We will add other newspapers as they cover it.
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Indian Oil plans to buy its own oil, LPG ships as freight costs surge 4 times
To bolster its shipping logistics, Indian Oil Corporation is planning to acquire its own carriers and is looking into shipbuilding ventures within India as part of the Make in India initiative. The rise in geopolitical tensions has led to higher shipping costs, necessitating these strategic changes. IOC has also…
