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India-bound LPG carrier crosses Hormuz: Shipping Ministry
An India-bound LPG carrier, MT Sarv Shakti, has successfully navigated the Hormuz Strait. This marks a significant passage following recent disruptions. The vessel carries a substantial amount of LPG and is expected to reach Visakhapatnam soon. Several Indian-flagged vessels were previously stranded. However, some Indian LPG and crude oil vessels have safely transited the strait since the crisis began.
World’s largest container carrier plans route avoiding Hormuz
The world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.
US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
India plans 62 vessels in FY27 with Rs 51,383 crore investment: Union minister Sarbananda Sonowal
India is accelerating its shipping capabilities to achieve self-reliance, with plans to add 62 vessels by FY 2026-27, backed by a significant investment. A high-level meeting emphasized expanding the fleet, including container vessels, LPG and crude carriers, and green tugs, to ensure resilience against global disruptions and sustain supply chains.
SCI considers starting service to West Asia: Official
Shipping Corporation of India might begin services to West Asia. This move aims to help transport stranded cargo. The decision follows deliberations. Around 19,500 Indian seafarers are in the Middle East. Some do not wish to return. Tensions in the gulf have impacted vessel movement. India is coordinating with Iran for safe passage.
Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in Singapore
India's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nation is also boosting its shipbuilding sector, aiming to be among the top five global shipbuilding nations by 2047. Investments are flowing into green port development and green fuel production.
L&T Energy GreenTech, Japan's ITOCHU ink long-term green ammonia supply deal
Indian firm Larsen and Toubro's green energy arm has secured a major deal. It will supply 300,000 tonnes of green ammonia annually to Japanese trading company ITOCHU Corp. This fuel is crucial for decarbonizing the shipping industry. The production will happen in Gujarat. ITOCHU plans to build a global green ammonia network.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Eternal, Shipping Corporation shares to buy - 16 April
Osho Krishan of Angel One believes that from a technical perspective, Nifty 50 has now entered a crucial resistance zone in the 24,400-24,800 range. Investors are advised to adopt a stock-specific approach, maintaining selectivity as many attractive opportunities have already been realized.
How a US blockade on Iran has sanctioned ships turning around
The US Navy’s blockade of Iran is showing impact, with sanctioned vessels turning back or halting after crossing the Strait of Hormuz. Officials say maritime trade has been effectively stopped, raising pressure on Iran’s economy, even as risks persist with spoofed ship data and volatile regional shipping conditions.
US stock market today: Dow, S&P 500 futures steady after strong gains, hover near record highs
US stock futures show little change after key indices gained over 1% yesterday. Optimism grows as US-Iran talks resume amidst Middle East tensions. The S&P 500 nears record highs, while oil prices rise due to constrained shipping in the Strait of Hormuz.
US-sanctioned Chinese tanker turns back to Strait of Hormuz, day after Gulf exit
The sanctioned tanker Rich Starry returned to the Strait of Hormuz after failing to breach a U.S. blockade on Iranian-linked vessels. U.S. forces say no ships passed in the first 24 hours, with several turning back, as disruptions deepen uncertainty for global shipping, oil markets, and insurers.
Europe drafts postwar plan to free up Hormuz without US: Report
European nations are drafting a post-war plan for a coalition—excluding the United States—to secure shipping through the Strait of Hormuz, according to The Wall Street Journal.