MRPL Asks Crude Suppliers To Avoid Red Sea And Strait Of Hormuz Routes
ECONOMY & POLICY

MRPL Asks Crude Suppliers To Avoid Red Sea And Strait Of Hormuz Routes

Mangalore Refinery and Petrochemicals Ltd has asked crude suppliers to avoid transit through the Red Sea and the Strait of Hormuz in a spot import tender, the tender document showed. The tender seeks up to one million (mn) barrels of crude oil on a delivered basis with loading dates between August 25 and September 6. The instruction follows disruptions to Red Sea traffic off Yemen by Tehran?aligned Houthi actions that have aimed to blockade Saudi exports and widened tensions linked to the US?Iran confrontation.

The company included a clause instructing that crude loading and transit via the Red Sea or the Strait of Hormuz should be avoided, a caveat not previously seen in Indian spot crude tenders. The refiner had not awarded its previous tender that sought oil and did not immediately respond to requests for comment. Market participants have monitored shipping routes closely since the disruptions began last week, citing elevated risk and potential delays.

A source familiar with the matter said the refiner had taken a precautionary view to minimise the chance of supply interruption along two of the world’s main maritime oil trade routes and added that the clause would remain in future tenders if the situation in West Asia did not improve. Mangalore Refinery and Petrochemicals is a subsidiary of state?run Oil and Natural Gas Corporation and operates a 300,000 barrels per day refinery in the southern Indian state of Karnataka. The tender stipulation underscores concern among energy buyers over the security of short sea transits and the need for contingency planning.

Avoiding the Red Sea and the Strait of Hormuz typically requires rerouting shipments around the Cape of Good Hope, which extends voyage times and increases freight costs and the time crude remains in transit. In past disruptions refiners and traders have sought alternative loadings, adjusted tanker schedules and passed higher shipping charges on to buyers, influencing import timing and refinery runs. Market participants managing near?term supply arrangements will watch the development closely.

Mangalore Refinery and Petrochemicals Ltd has asked crude suppliers to avoid transit through the Red Sea and the Strait of Hormuz in a spot import tender, the tender document showed. The tender seeks up to one million (mn) barrels of crude oil on a delivered basis with loading dates between August 25 and September 6. The instruction follows disruptions to Red Sea traffic off Yemen by Tehran?aligned Houthi actions that have aimed to blockade Saudi exports and widened tensions linked to the US?Iran confrontation. The company included a clause instructing that crude loading and transit via the Red Sea or the Strait of Hormuz should be avoided, a caveat not previously seen in Indian spot crude tenders. The refiner had not awarded its previous tender that sought oil and did not immediately respond to requests for comment. Market participants have monitored shipping routes closely since the disruptions began last week, citing elevated risk and potential delays. A source familiar with the matter said the refiner had taken a precautionary view to minimise the chance of supply interruption along two of the world’s main maritime oil trade routes and added that the clause would remain in future tenders if the situation in West Asia did not improve. Mangalore Refinery and Petrochemicals is a subsidiary of state?run Oil and Natural Gas Corporation and operates a 300,000 barrels per day refinery in the southern Indian state of Karnataka. The tender stipulation underscores concern among energy buyers over the security of short sea transits and the need for contingency planning. Avoiding the Red Sea and the Strait of Hormuz typically requires rerouting shipments around the Cape of Good Hope, which extends voyage times and increases freight costs and the time crude remains in transit. In past disruptions refiners and traders have sought alternative loadings, adjusted tanker schedules and passed higher shipping charges on to buyers, influencing import timing and refinery runs. Market participants managing near?term supply arrangements will watch the development closely.

Related Stories

Gold Stories

Next Story
Real Estate

A Concrete Statement in Jubilee Hills

The Jubilee Hills residence is an exploration of structure as architecture, where mathematical precision, exposed concrete, and engineering discipline come together to create a bold and enduring built form.Constructed with Blushfarbe, HAACE’s bespoke concrete finish, the project demanded exceptional control, as every visible structural element was also required to perform as the final architectural surface. Deep reinforced concrete roof frames extend into the vertical façade, while precision-cast fluted surfaces, rhythmic vertical fins, circular columns, and a cantilevered staircase create ..

Next Story
Infrastructure Energy

Hindustan Zinc raises renewable power share to 22 per cent

Hindustan Zinc has increased the share of renewable energy in its overall power consumption to 22 per cent, up from around 18 per cent in FY26, as it advances towards sourcing 70 per cent of its power requirements from renewable sources by FY28.During FY26, the company generated 892 million units of green power, up from 632 million units in FY25. It has also expanded its round-the-clock renewable power arrangement with Serentica Renewables from 450 MW to 530 MW to support the transition.Hindustan Zinc is strengthening its renewable energy portfolio through solar, wind and energy storage soluti..

Next Story
Resources

Crompton unveils new brand identity and super-premium platform

Crompton Greaves Consumer Electricals Ltd. has unveiled a new master brand identity as part of its Crompton 2.0 transformation, alongside the launch of its super-premium brand Crompton Rhion and the strengthening of its Energion platform.The refreshed identity introduces Cephyr, a new emblem inspired by sapphire and Zephyrus, the Greek wind, representing Crompton’s evolution towards a design-led, consumer-centric brand. The new brand promise, ‘Amazing, Every Day’, is supported by a new sonic identity that will be rolled out across advertising, digital platforms, products and retail envir..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement