BusinessPhoto: Business StandardHPCL Faces Tanker Booking Challenges for Crude via Strait of Hormuz
Hindustan Petroleum Corp. (HPCL) is struggling to book tankers for crude oil shipments through the Strait of Hormuz despite rising crude supply and increased vessel crossings. Chairman Vikas Kaushal cited difficulties in finding available freighters and last-minute cancellations by shipowners as key issues. While transit success varies, HPCL can still source crude from outside the chokepoint. Middle East oil flows have surged to near prewar levels amid increased maritime risks.
Business Standard··Abu Dhabi
