Reliance Industries Ltd.

Reliance Industries has chartered a medium-range vessel to carry diesel from India to Singapore in December. These medium range vessels can carry about 35,000 to 40,000 tonnes of diesel.

Reliance usually ships diesel to Singapore in long-range 2 sized vessels or range 1 sized vessel having capacity to carry about 100,000 tonnes and 60,000 tonnes of fuel. The company moves the fuel to Singapore only when demand in Europe is weak.

Reliance Industries is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones. Reliance operates the world's biggest refining complex in India's western state of Gujarat, where its two adjacent plants can process about 1.4 million barrels per day of oil.