{"id":650627,"date":"2025-10-30T11:49:45","date_gmt":"2025-10-30T06:19:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=650627"},"modified":"2025-10-30T11:49:45","modified_gmt":"2025-10-30T06:19:45","slug":"indias-oil-psus-spent-8bn-on-chartered-ships-in-5-years-amount-could-have-funded-tanker-fleet-minister","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-oil-psus-spent-8bn-on-chartered-ships-in-5-years-amount-could-have-funded-tanker-fleet-minister\/","title":{"rendered":"India\u2019s oil PSUs spent $8bn on chartered ships in 5 years; amount could have funded tanker fleet: Minister"},"content":{"rendered":"<p>Mumbai: Indian public sector oil companies, including IOCL, BPCL and HPCL, have spent nearly $8 billion on chartering ships in the past five years \u2014 an amount that could have funded a new fleet of Indian-owned tankers, Union petroleum and natural gas minister Hardeep Singh Puri said on Monday.<\/p>\n<p>&#8220;Today, only about 20% of India&#8217;s trade cargo is carried on India-flagged or India-owned vessels. This presents both a challenge and an opportunity to expand our ship ownership and manufacturing capacity,&#8221; Puri said while addressing delegates at the India Maritime Summit in Mumbai.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Indian public sector oil companies, including IOCL, BPCL and HPCL, have spent nearly $8 billion on chartering ships in the past five years \u2014 an amount that could have funded a new fleet of Indian-owned tankers, Union petroleum and natural gas minister Hardeep Singh Puri said on Monday. &#8220;Today, only about 20% of India&#8217;s trade cargo is carried on India-flagged or India-owned vessels. This presents both a challenge and an opportunity to expand our ship ownership and manufacturing capacity,&#8221; Puri said while addressing delegates at the India Maritime Summit in Mumbai.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-650627","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/650627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=650627"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/650627\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=650627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=650627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=650627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}