India's HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
OilPrice.com · Tsvetana Paraskova ·
India's HPCL is struggling to secure oil tankers for Persian Gulf shipments as security risks, vessel shortages, and soaring freight costs continue to disrupt global crude transportation.
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Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg.
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