Mitsui O.S.K. Lines (MOL) India Private Limited has achieved a significant milestone by successfully transporting IndianOil’s first crude oil cargo sourced from the United States on a Free on Board (FOB) basis.
The cargo was carried aboard MT LIBRA TRADER, an Indian Oil Corporation Limited (IndianOil) time-chartered vessel owned and operated by MOL India Private Limited. The successful execution of this landmark voyage highlights the company’s operational excellence, reliability, and expertise in managing critical energy shipments.
The achievement marks an important step in India’s evolving crude oil procurement strategy, with FOB purchases providing greater flexibility and control over shipping logistics. By successfully delivering this maiden U.S. crude oil cargo, MOL India has further strengthened its position as a trusted maritime partner supporting the country’s growing energy security and supply chain resilience.
The company stated that being entrusted with this historic shipment reflects the confidence placed in its capabilities to safely and efficiently transport strategic energy cargoes. MOL India also congratulated all stakeholders and team members involved in successfully completing the voyage.
The milestone underscores the increasing collaboration between IndianOil and MOL India in ensuring secure, efficient, and reliable maritime transportation of crude oil, contributing to India’s expanding and diversified energy import network.