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Project News Details

Title:

India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate

Detail:

This eye-watering price highlights a severe shortage of available vessels in the region. The high demand, driven by increased exports and the need to move stuck cargoes, is forcing buyers to pay premium rates, with ships taking weeks to return to the Persian Gulf.

Country:

India

Source:

ET Energy World

Published Date:

23.06.2026

URL:

View Original URL

Regions:

Asia SAARC Countries South Asia

Sectors:

Non-Renewable Energy Oil and Gas Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine

Project News Details

Title	India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate
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Detail	This eye-watering price highlights a severe shortage of available vessels in the region. The high demand, driven by increased exports and the need to move stuck cargoes, is forcing buyers to pay premium rates, with ships taking weeks to return to the Persian Gulf.
Country	India
Source	ET Energy World
Regions	Asia SAARC Countries South Asia
Sectors	Non-Renewable Energy Oil and Gas Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
Published Date	23.06.2026
Original Url	Original Url
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Title
India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate
Detail
This eye-watering price highlights a severe shortage of available vessels in the region. The high demand, driven by increased exports and the need to move stuck cargoes, is forcing buyers to pay premium rates, with ships taking weeks to return to the Persian Gulf.
Country
India
Source
ET Energy World
Regions
Asia SAARC Countries South Asia
Sectors
Non-Renewable Energy Oil and Gas Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
Published Date
23.06.2026
Original Url
View Original Url
Share

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India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate

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India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate

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