Tankers will benefit from India’s aim to diversify crude oil imports
India’s plan to speed up the diversification of crude oil imports and gradually cut its dependence on the Middle East is likely to boost tonne-mile demand for tankers
The country’s move to diversify its sources of crude oil to meet growing demand indicates growing trade flows to the country in the short, medium and long term. This will only boost tonne-mile demand for tanker sector Gibson shipbroker argues
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