After a 4-year hiatus, Shipping Corporation of India (SCI) will resume sailing to Iran to ferry ‘transport crude oil’ from the Persian Gulf nation for state refiners. SCI, which was in 2012 forced to stop transporting crude oil due to unavailability of insurance cover for its ships following tightening of international sanctions against Iran, will resume sailing, initially to ferry crude oil for HPCl.
This follows lifting of sanctions against Iran in January. The largest domestic shipping line will ferry the first cargo of crude oil from Iran something this month. “State-run HPCl has approached SCI for deputation of a vessel for importing crude oil. In-principle, it has agreed to it,” Shipping Secy Rajive Kumar told PTI.