MRPL seeks Ministry nod to charter ships

October 15, 2013 08:53 pm | Updated October 16, 2013 02:37 am IST - NEW DELHI

Mangalore Refinery and Petrochemicals Limited (MRPL) has sought the permission of Petroleum Ministry to charter ships for import of crude oil and petroleum products instead of going through Transchart of Ministry of Shipping.

In a representation to the Ministry, MRPL Director (Refinery), Vijay Joshi, has stated that state-owned oil marketing companies (OMCs) were allowed direct chartering of ships instead of going through the tedious process of requesting Transchart. It has stated that even private sector oil companies are directly chartering for their ship requirements.

The company feels that the move to allow independent chartering of ships would enable greater flexibility in deciding timing, quantity of import, operational freedom, and derive economies by developing mixture of sport and long-term arrangements, as in the case with other oil companies.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.