India seeks vessels to ship West Asia crude

A surge in bookings for oil tankers to bring cargoes from West Asia to India points to higher import flows ahead, as sanctions on major Russian producers force the South Asian importer to seek alternatives.

- Bloomberg

So far this week, roughly a dozen tankers have been chartered to ship crude from countries including Saudi Arabia, Kuwait, Iraq, and the UAE and ferry it across the Arabian Sea, according to shipbroker reports. That’s a jump from the same time last month, when about four fixtures were seen.