
India plans massive $10 billion purchase of ‘over 100 Make in India’ crude oil tankers
India is gearing up to ramp up its energy security, acquiring a fleet of crude carriers instead of relying on foreign-owned vessels. Currently, state-owned oil companies rely on an ageing fleet, with most vessels leased from international shipping firms.Now, the petroleum and shipping ministries want to transform that with a focus on ownership, control and…