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India eyes crude carrier ownership but tanker economics and expertise may block the plan
Economy
Published on 24 April 2026
Owning tankers sounds simple until capital costs bite hard
With global crude tanker rates rising again, India is considering building and owning its own oil shipping fleet to reduce dependence on expensive transport. The challenge: tankers demand huge upfront capital and specialized expertise to design and operate at scale. What worked for iPhones may not translate easily to crude carriers.
- Global oil tanker rates are rising, pushing India to seek control
- India wants its own fleet to cut shipping costs and risk
- Massive capital and specialized tanker expertise are major hurdles
- The iPhone playbook may not apply to crude carrier economics
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times