INTERCARGO urges Vigilance and Reaffirms Priority on Seafarer Safety as Security Risks Escalate in Middle East Gulf and Strait of Hormuz
The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed deep concern over the rapidly evolving security situation in the Gulf waters and the Strait of Hormuz, stressing that the safety and wellbeing of
India’s crude supply remains secure, gas companies have procured LNG cargoes from new sources: Senior government official
NEW DELHI: India’s crude supply remains secure through diversified procurement amid the West Asia crisis that has affected global energy routes, Ms. Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said on
Allana Group committed to help India export food to West Asia amid uncertainties
MUMBAI: Amid rising geopolitical tensions sparked by the West Asia war and shipping routes facing widespread disruption, India’s top food exporters are emerging as the crucial link in stabilizing the region’s daily supply needs.
Qatari LNG resumption requires strait free of mines
OSLO: The resumption of Qatari LNG exports through the Strait of Hormuz could take “significantly longer than expected” if naval mines are deployed in the waterway, with ships likely requiring minesweeper escorts before normal
Iran conflict raises new credit risks for emerging markets, including India: Fitch
NEW DELHI: The Iran conflict could raise additional challenges for some emerging market sovereigns, including India, as far as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance are concerned, said
UAE tugboat sinks in Strait of Hormuz; 3 Indonesian crew members missing
JAKARTA: Jakarta’s foreign ministry on Saturday (Mar 7) said that three Indonesian crew members were missing after a United Arab Emirates-flagged tugboat sank in the Strait of Hormuz on Friday (Mar 6). The ministry
Pharma exporters brace for Rs 5,000-crore hit as US-Iran war drives up freight costs
NEW DELHI: A total stop to pharma shipments to West Asia this month alone can drain Rs 2,500–Rs 5,000 crore of export value, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned, as freight rates
Global trade reroutes to Africa as Hormuz traffic plunges 90%
LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in the Middle East, forcing global maritime trade to reroute around the Cape of Good Hope,