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

News ·

A supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmark freight cost. 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 car…

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This story is part of Rail 24's ongoing rail coverage. We summarise reporting from News so you can quickly scan what changed and why it matters for travellers, commuters and the wider Indian transport sector, then read the full original article at the source. Rail 24 aggregates trusted rail sources and refreshes them continuously so you always see the latest developments in one place.

This rail update was reported by News on and curated by Rail 24. For the complete report, visit the original source below.

Read the full story at News

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