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Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P Global
Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners, however, are demonstrating remarkable resilience, successfully diversifying their crude oil sources to include Russian, Brazilian, West African, and US grades amidst ongoing global energy supply disruptions. Market watchers remain vigilant as geopolitical tensions continue to influence oil trade.
Hormuz Not Your Personal Casino: Iran Hits Back At US After Trump's Threat
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16, 2026.
At the gates of Hormuz, 80 million barrels of oil are on standby
Large volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes following an interim US-Iran agreement aimed at restoring transit in the waterway.
Oil prices head for deep weekly loss as Strait of Hormuz traffic begins to inch up
Oil prices fall sharply as interim Iran deal eases Strait of Hormuz blockade, Brent nears 79 dollars, WTI 75, shipping resumes, Kuwait to boost output, Trump hails market reaction
Cordelia Cruises to launch ₹585-crore IPO next week
Cordelia Cruises, the first Indian cruise line to go public, plans to use up to ₹480 crore from the IPO proceeds towards deposits, advance lease rentals and monthly lease payments to Baycruise Shipping and Leasing, its step-down subsidiary.
Brent Slumps Below $75 As US-Iran Peace MoU Pushes Oil Close To Pre-War Levels
Markets are now shifting their focus from geopolitical risks to the pace at which oil exports and shipping activity can recover across the Persian Gulf.
PetroChina, Indian Oil fail to secure tankers to load Iraqi crude
PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between the United States and Iran. Indian Oil Corp declared force majeure on a cargo.
Father Of Sailor Killed In Gulf Strike Appeals To Modi For Greater Protection Of Indian Seafarers
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, on June 16.
Crude Oil Prices On June 18: Brent Continues Retreat To $78 After Trump Signs US-Iran Deal
Markets are now shifting their focus from geopolitical risks to the pace at which oil exports and shipping activity can recover across the Persian Gulf.
Govt waives customs overtime charges for cruise passengers
International cruise passengers will no longer pay merchant overtime charges for customs clearance. This decision aims to boost cruise tourism and simplify passenger processing. The move follows requests from the shipping ministry and industry stakeholders. It is expected to reduce operational costs and enhance the competitiveness of Indian cruise destinations. This exemption applies to designated round-the-clock customs ports.
Great Eastern Shipping Company takes delivery of Medium Range Tanker "Jag Prabhu"
Great Eastern Shipping Company (GE Shipping) took delivery of 2014 built Medium Range Tanker Jag Prabhu of about 49,420 dwt. The company had contracted to buy the vessel in Q1 FY27. This vessel is financed entirely from internal accruals.
Great Eastern Shipping Company contracts to buy secondhand long range 2 tanker
The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.