+
Indian Oil Corp Enters Shipping with Supertankers
OIL & GAS

Indian Oil Corp Enters Shipping with Supertankers

In a strategic move to diversify its operations, Indian Oil Corp (IOC) has entered the shipping industry by acquiring two oil supertankers. This expansion marks a significant milestone for IOC, allowing the company to enhance its capabilities and presence in the maritime sector.

The decision to venture into shipping aligns with IOC's broader business strategy to strengthen its position across the entire oil and gas value chain. The acquisition of supertankers reflects IOC's commitment to securing a reliable and efficient transportation system for its oil products, contributing to increased operational efficiency and market competitiveness.

As IOC makes this strategic foray into the shipping business, it not only expands its operational footprint but also positions itself as a more integrated player in the energy sector. This move is anticipated to have positive implications for IOC's overall business resilience and adaptability to evolving market dynamics.

In a strategic move to diversify its operations, Indian Oil Corp (IOC) has entered the shipping industry by acquiring two oil supertankers. This expansion marks a significant milestone for IOC, allowing the company to enhance its capabilities and presence in the maritime sector. The decision to venture into shipping aligns with IOC's broader business strategy to strengthen its position across the entire oil and gas value chain. The acquisition of supertankers reflects IOC's commitment to securing a reliable and efficient transportation system for its oil products, contributing to increased operational efficiency and market competitiveness. As IOC makes this strategic foray into the shipping business, it not only expands its operational footprint but also positions itself as a more integrated player in the energy sector. This move is anticipated to have positive implications for IOC's overall business resilience and adaptability to evolving market dynamics.

Next Story
Real Estate

No glass boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it ..

Next Story
Infrastructure Transport

Why do pavements fail?

India’s highways continue to expand at a healthy pace. But conversations on the surface quality of highways are growing louder because major deficiencies and black spots continue to be identified, and they are cause for concern.“Road surface roughness causes vehicle vibrations that, in turn, can affect the performance of drivers,” explains Dr V K Gahlot, Road Safety Auditor, Centre for Research and Sustainable Development (CfRSD). “Continuous exposure may induce fatigue, a contributory factor to road accidents. Road surface roughness also affects the vehicle operating cost...

Next Story
Infrastructure Urban

APAC Logistics Rents Fall for First Time Since 2020

Logistics rents across the Asia-Pacific region declined 0.4% year-on-year in H1 2025, marking the first annual drop since 2020, according to Knight Frank’s Logistics Highlights H1 2025 report. Despite global trade tensions and cautious occupier sentiment, India emerged as a standout performer, driven by robust manufacturing momentum and supply chain recalibration.Regional Trends and DivergenceWhile rents largely remained stable across most markets, regional differences became more pronounced:Mainland China continued to see rental declines, though the pace of decline moderated to 12.8% YoY, s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?