The strategy shift comes as the India Shipping ministry recently revised an advisory that previously banned companies from hiring Indian seafarers for Hormuz voyages. The updated policy now allows such trips provided the ministry secures the explicit consent of the seafarers before they depart for a Gulf port.
Wednesday, October 21, 2026
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Indian Refiners Hire Foreign Tankers for $37 Iraqi Oil
Commodities17 days ago
Dynacom Tankers and Sinokor Group are competing for contracts to transport crude from Iraq to Asian ports after Indian energy firms decided to outsource their shipping needs. Refineries are opening tenders to hire third party vessels to secure heavily discounted SOMO crude at $37 per barrel, opting to avoid risking their own fleets on voyages through the Strait of Hormuz.
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