India's tanker exports surge over six-fold to $1.36 bn in Q1, UAE leads
India's tanker exports surged more than six-fold to USD 1.36 billion in the June quarter from USD 221.1 million a year earlier, signalling the country's growing shipbuilding and maritime engineering capabilities, with the UAE emerging as the largest destination during the period, according to commerce ministry data.
Tankers are large-scale transport ships engineered for the bulk movement of liquids and gases.
They serve as a cornerstone of global energy networks and industrial supply chains, they safely distribute vital commodities, including crude oil, petroleum products, chemicals, liquefied natural gas (LNG), and fresh water.
The data showed that export volumes also expanded significantly from 10 vessels to 23 vessels, reflecting increasing international demand for Indian-built tankers and marine transportation assets.
It added that the United Arab Emirates (UAE) emerged as the dominant export destination, accounting for USD 900.8 million worth of tanker imports in April-June ...
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