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GULF SHIPPING INDUSTRY
Why is Oman proposing a new plan to manage the Strait of Hormuz?Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and ser...- Iran says it retains control of Strait of Hormuz, rules out resuming US talks after Trump pauses bombing campaignIran maintains control of the Strait of Hormuz after the United States paused its bombing campaign. Tehran rejected suggestions that peace ...
- Drones attack Iran's neighbours as Tehran appears to test Trump's latest pauseSaudi Arabia, Jordan, and Iraq reported drone attacks on Monday. Iran-backed militias launched drones from Iraq targeting Saudi petroleum s...
- Why did market rise today? Sensex jumps 780 points, Nifty ends near 24,000. 6 key factors behind bulls’ return to D-StreetIndian stocks surged on Monday, ending a five-day decline. Easing Iran-US tensions and falling oil prices boosted investor sentiment signif...
- Saudi oil can still get out — but it won’t be cheap or easySaudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new d...
- Russia crude prices swing wildly amid Iran warThe landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...
- India must fix gas market, pipelines to unlock LNG opportunity: IGU reportIndia's natural gas growth requires infrastructure and industry investment. Market reforms and pricing changes are essential for sustained ...
- 1,500 ships trapped in Gulf of Hormuz are quietly multiplying an underwater army that could unleash World's biggest bioinvasion eventGulf of Hormuz underwater army: Nearly fifteen hundred ships stuck in the Persian Gulf after fighting closed the Strait of Hormuz. These id...
- Oil Price Today (July 24): Crude oil dips below $100 but up 13% this week as supply tensions mount. $120 per barrel possible?Brent futures fell 81 cents, or 1%, to $99.68 a barrel at 0126 GMT, but were still set for a 13.5% rise this week. West Texas Intermediate ...
- Trade all at sea: Freight rattled by delays, ship shortages and port congestion as West Asia conflict flares up againRenewed conflict in West Asia is significantly disrupting India's exports, with exporters facing container shortages and limited vessel ava...
- After Hormuz, Gate of Tears may make the world cry. What about India?The Bab el-Mandeb Strait, a key shipping route connecting Red Sea and Gulf of Aden, faces growing risks of disruption after Yemen’s Houthi ...
- NSA Ajit Doval meets Saudi Foreign Minister Prince Faisal bin Farhan; discusses energy security and regional situationNational Security Advisor Ajit Doval visited Saudi Arabia for talks. He met Foreign Minister Prince Faisal bin Farhan to strengthen energy ...
- LNG consumption declines 6.5%on costly import, lower outputIndia's natural gas usage saw a notable drop during the April to June quarter, attributed to soaring global LNG prices and a decline in loc...
- Why the Red Sea remains one of the world's most dangerous shipping routesRed Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threa...
- Talks for release of 3 ships held by Somali pirates in advanced stage: SourcesRansom talks for three hijacked vessels and their crew are progressing well. These negotiations involve registered countries, ship owners, ...
- Some ships refusing US-military guided Hormuz transits after attacks, sources sayShipping firms are avoiding a U.S. military transit route through the Strait of Hormuz. This avoidance stems from recent Iranian attacks on...
- Shipping ministry gives in-principle approvals for shipbuilding and repair clusters in GujaratGujarat will soon establish a new shipbuilding cluster in Porbandar. A significant ship repair facility is also planned for Vadinar in the ...
- In-principle nod to 2 maritime projects, including Rs 1,570 cr ship repair facility in GujaratTwo strategic maritime projects in Gujarat have received in-principle approval from the shipping ministry. A Rs 1,570-crore ship repair fac...
- India can find alternative sources for crude, but LPG at risk: ExecutivesIndustry executives said India should be able to source alternative crude and LNG supplies, albeit at higher prices. LPG supplies, however,...
- Trump’s Hormuz demand implies fee of $30 million per supertankerShipping industry representatives expressed surprise and skepticism regarding the announcement. Iran's foreign minister acknowledged compen...
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