What types of vessels is Indian Oil Corp chartering, and from which Gulf ports will they lift LPG and oil?

Indian Oil Corp is chartering a very large gas carrier (VLGC), a Suezmax tanker, and a very large crude carrier (VLCC). It seeks to lift liquefied petroleum gas (LPG) between June 30 and July 4 from Ras Laffan in Qatar, Mina Al Ahmadi in Kuwait, or Ruwais in the UAE; a VLCC to lift oil from Mina Al Ahmadi between June 28 and 29; and a Suezmax to load cargo from Ras Al Khafji port in Saudi Arabia between June 29 and 30 for delivery on India's west coast.

Why are these tenders significant, and what recent geopolitical development do they follow?

These tenders are significant because they are the first issued by Indian Oil Corp since the U.S. and Iran signed an interim agreement to end their war and reopen the Strait of Hormuz — a critical maritime chokepoint through which the chartered vessels will transit to lift cargoes from Gulf ports.

Indian Oil Corp seeks gas, oil tankers to lift cargoes from Gulf, documents show

Jun 18, 2026

Indian Oil Corp issued tenders to charter vessels for lifting LPG and crude oil from Gulf ports, marking its first move since the U.S.-Iran interim agreement. The refiner seeks carriers for deliveries scheduled between late June and early July.

reuters

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