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Shipping Corp gains after signing shipbuilding pact with Mazagon Dock for methanol dual-fuel PSV
Shipping Corporation of India (SCI) added 2.14% to Rs 241.40 after the company has executed a shipbuilding contract with Mazagon Dock Shipbuilders (MDL) for the construction of one 3,000 DWT methanol dual-fuel Platform Supply Vessel (PSV).
Sensex jumps 939 pts, Nifty tops 23,400 on value buying in large caps
Domestic equity benchmarks ended sharply higher on Monday, supported by value buying in select large-cap stocks as investors assessed the potential fallout of the ongoing U.S.-Iran conflict. Sentiment improved after media reports indicated that Donald Trump is likely to announce in the coming days the formation of an international coalition to escort commercial shipping vessels through the Strait of Hormuz, as the conflict with Iran enters its third week. U.S. officials reportedly said the White House could unveil the initiative as early as this week. However, overall sentiment remained cautious amid persistent FII outflows and elevated crude oil prices due to ongoing tensions involving Iran, Israel and the United States. The Nifty closed above the 23,400 mark, led by gains in auto, financial services and private banking stocks.
IDBI Bank Ltd leads losers in 'A' group
Bandhan Bank Ltd, TTK Prestige Ltd, Adani Total Gas Ltd and Great Eastern Shipping Company Ltd are among the other losers in the BSE's 'A' group today, 16 March 2026.
'Vital to open Strait of Hormuz': Japan releases emergency oil reserves amid Israel-Iran conflict
Japan is releasing oil from its reserves to ensure supply stability. This action comes as conflicts in the Middle East disrupt shipping. International efforts are underway to secure the Strait of Hormuz. Allies are being asked to contribute naval assets. Some nations have declined, while others are considering their options. Global oil prices are rising.
Dubai Stocks Fall Into Bear Market as Iran War Enters Third Week
Dubai stocks slid into bear-market territory as the crisis in the Middle East caused chaos in the energy, shipping, real estate and tourism industries.
European Stocks Erase Losses as Oil Slips Below $100 a Barrel
European stocks rose Friday as oil prices slipped below $100 a barrel, following news reports of an Indian tanker’s passage from the Strait of Hormuz, a key shipping artery that’s been effectively shut amid the Iran war.
Shipping Corporation GST demand cut to ₹60 crore in Maharashtra
The revised order follows SCI’s ongoing appeal against an earlier demand of ₹160.37 crore issued by the Deputy Commissioner of State Tax, which included ₹77.66 crore as the tax component plus interest and penalty. Shares of Shipping Corporation of India Ltd ended at ₹238.90, down by ₹11.70, or 4.67%, on the BSE today, March 13.
Global shipping industry caught in storm of war
Global trade faces significant disruption as the war in the Middle East closes the Strait of Hormuz. This vital shipping lane's closure impacts container transport worldwide. Importers are already seeing increased costs for goods from China. Shipping companies are imposing surcharges due to rising fuel prices and longer routes. This situation revives fears of supply chain collapse.
Middle East War: Iran clears passage for two Indian LPG tankers through Strait of Hormuz
Iran has granted permission for two Indian LPG tankers to navigate the Strait of Hormuz. This development occurs as ongoing conflict in West Asia impacts shipping routes. Despite security concerns, Iran's Supreme Leader's representative stated the strait remains open. He confirmed that some vessels are still transiting the vital waterway.
Iran‑Israel War: Three Indian seafarers killed, one missing as maritime attacks intensify
Middle East War: Amidst escalating tensions in the Gulf, a heart-wrenching incident has claimed the lives of three Indian seafarers, with one still missing. Four others, though injured, are being treated for their wounds. The Ministry of Ports, Shipping and Waterways is keeping a close eye on the dynamic maritime situation, especially with many Indian seafarers in the affected area.
Copper remains a strong long-term play despite near-term volatility: Anand Rathi’s Parthiv Jhonsa
Parthiv Jhonsa, Vice President of Anand Rathi Institutional Equities, said rising gas prices and higher shipping costs could pressure margins for Indian steel producers. However, immediate supply risks remain limited as companies hold raw material inventories. He noted potential export challenges due to Europe’s quota limits and warned that Chinese steel imports could rise if domestic production is disrupted. Jhonsa remains positive on select ferrous players and sees strong long-term prospects for copper.
Five Stocks To Watch: BSE, NTPC, BHEL, Petronet And GE Shipping | March 13, 2026
Top picks include stock exchange operator BSE, state-run power heavyweights NTPC and BHEL, energy player Petronet LNG, and shipping major Great Eastern Shipping (GE Shipping).