Archive · 11 Jun 2025
India Plans Tanker Order to Bolster Shipbuilding
Imagine India wants to build more ships in its own country!
Three big Indian companies that refine oil plan to order 10 new tanker ships that will be built in India.
This is to help grow the country's shipbuilding industry.
The whole deal could cost around $600 million.
These ships will carry fuel around the country.
The companies are asking the government for some money because buying these ships might cost more than renting them.
The new ships will be medium-sized and each will cost between $55 and $60 million.
Building them in India will help the country be more self-sufficient, especially for important things like transporting energy and protecting the country.
Indian state-run refiners plan to order 10 domestically-built tankers.
The project aims to boost India's shipbuilding industry.
The tender is valued up to $600 million, with deliveries starting by 2028.
Refiners seek financial support, as chartering ships is more economical.
The tankers will be medium-range, costing $55-$60 million each.
- Who
- Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp.
- What
- Ordering 10 domestically built medium-range tankers.
- When
- Tender planned for later this year; delivery starting by 2028.
- Where
- India
- Why
- To boost the domestic shipbuilding industry and transport fuels.
Government's Perspective
Refiners Perspective
Economic Viability
Government's Perspective
The government is pushing for locally built ships.
Refiners Perspective
It is more economical for refiners to charter ships.
- Companies Involved
- Indian Oil Corp., Bharat Petroleum Corp., Hindustan Petroleum Corp.
- Vessel Type
- Medium-range tankers (50,000-60,000 deadweight tons)
- Estimated Tender Value
- Up to $600 million
- Expected Delivery Start
- 2028
- Number of Vessels
- 10
- Cost per Tanker
- $55 million to $60 million