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Strait of Hormuz crisis Tankers and Gas Political Risk and Trade

Tankers bypass Hormuz transfer bottleneck as direct India deliveries emerge

  • Lloyd’s List Intelligence identified 13 former Hormuz shuttle VLCCs delivering Saudi crude directly to India or conducting transfers off India’s west coast during September
  • Lengthening delays at Gulf of Oman transfer hubs are encouraging charterers to seek faster alternatives as VLCC earnings remain near record highs
  • The emerging trade route could help relieve congestion, improve tanker availability and strengthen Middle East Gulf export flows as Indian refiners seek alternatives to Russian crude

  • News

Growing congestion in the Gulf of Oman ship-to-ship transfer network is pushing some charterers and shipowners towards direct VLCC deliveries to India or STS operations nearby — a shift that could ease logistical bottlenecks, increase effective fleet supply and further support the recovery of Middle East crude exports

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