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Foreign fleet owners may gain

Oil & Gas
October 1, 2015October 1, 2015
Foreign fleet owners may gain
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An Indian cabinet decision to decentralise shipping arrangements for import of cargo owned or controlled by government departments and state-owned firms will remove an assured business opportunity for local fleet owners. It will allow foreign-registered ships to corner a larger chunk of cargo such as crude oil, liquefied petroleum gas (LPG), liquefied natural gas (LNG), thermal coal, coking coal and fertiliser.

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