Two Vessels Carrying 92,000 Tonnes of LPG Begin Movement
ECONOMY & POLICY

Two Vessels Carrying 92,000 Tonnes of LPG Begin Movement

Two vessels carrying 92,000 tonnes (t) of liquefied petroleum gas have begun movement, the Ministry of Ports, Shipping and Waterways confirmed, amid disruptions to gas and fuel supplies linked to the West Asia conflict. The ministry said details regarding the ships will be released later. A cargo ship carrying liquefied petroleum gas from Texas in the United States arrived at New Mangalore Port in Mangaluru on Sunday.

The ministry said New Mangalore Port has waived cargo related charges for crude oil and liquefied petroleum gas from 14 March to 31 March and that no congestion has been reported at any port. In an interministerial briefing the Special Secretary of the Shipping Ministry, Rajesh Kumar Sinha, reported that all 22 Indian ships and 611 Indian sailors in the Persian Gulf region are safe and are being continuously monitored. There has been no maritime incident reported in the previous 24 hours according to the ministry.

The Ministry of Petroleum and Natural Gas reported that panic booking of domestic LPG cylinders has declined significantly, with five point five million (mn) bookings recorded on Thursday. Authorities are monitoring bookings and supply chains to avoid shortages and to reassure consumers. Disruptions to oil, gas and maritime trade routes, including pressure reported around the Strait of Hormuz, were described as posing a mounting threat to global economic stability.

The ministry noted that the West Asia situation has persisted into its 24th day since the joint United States and Israeli offensive on 28 February and reported the death of Iran's 86-year-old Supreme Leader and the appointment of his son as successor. The ministry said it is coordinating with other agencies to ensure continuity of supplies and the safety of Indian seafarers and shipments. It added that further operational details would be provided as available.

Two vessels carrying 92,000 tonnes (t) of liquefied petroleum gas have begun movement, the Ministry of Ports, Shipping and Waterways confirmed, amid disruptions to gas and fuel supplies linked to the West Asia conflict. The ministry said details regarding the ships will be released later. A cargo ship carrying liquefied petroleum gas from Texas in the United States arrived at New Mangalore Port in Mangaluru on Sunday. The ministry said New Mangalore Port has waived cargo related charges for crude oil and liquefied petroleum gas from 14 March to 31 March and that no congestion has been reported at any port. In an interministerial briefing the Special Secretary of the Shipping Ministry, Rajesh Kumar Sinha, reported that all 22 Indian ships and 611 Indian sailors in the Persian Gulf region are safe and are being continuously monitored. There has been no maritime incident reported in the previous 24 hours according to the ministry. The Ministry of Petroleum and Natural Gas reported that panic booking of domestic LPG cylinders has declined significantly, with five point five million (mn) bookings recorded on Thursday. Authorities are monitoring bookings and supply chains to avoid shortages and to reassure consumers. Disruptions to oil, gas and maritime trade routes, including pressure reported around the Strait of Hormuz, were described as posing a mounting threat to global economic stability. The ministry noted that the West Asia situation has persisted into its 24th day since the joint United States and Israeli offensive on 28 February and reported the death of Iran's 86-year-old Supreme Leader and the appointment of his son as successor. The ministry said it is coordinating with other agencies to ensure continuity of supplies and the safety of Indian seafarers and shipments. It added that further operational details would be provided as available.

Next Story
Resources

SCOPE Rebrands as Sentova, Expands Global Advisory

SCOPE has rebranded as Sentova, marking its transition into a global investment banking and financial advisory platform focused on institutional deal-making and cross-border capital flows. The firm will operate across three core verticals—venture capital fundraising, private equity buyouts and investment consulting—offering end-to-end advisory from deal structuring to transaction closure. The move reflects growing integration of global capital markets, particularly across the India–Gulf and US–Middle East corridors, where Sentova aims to facilitate capital deployment through its inve..

Next Story
Products

Häfele Launches Horizon Digital Lock

Häfele has introduced the Horizon Digital Lock under its Evolve range, offering a smart security solution designed for contemporary homes. The digital lock integrates advanced features such as Smart Password, Smart Voice and Smart Freeze, enabling enhanced usability alongside robust security. It supports multiple locking modes including auto locking, passage, privacy and double authentication, allowing users to customise security levels based on usage. The system offers flexible access control through fingerprint, RFID card and password-enabled admin access, along with multiple user and gue..

Next Story
Real Estate

Casagrand Launches Premium Villa Project in Tiruppur

Casagrand has launched Casagrand Blossoms, a premium villa community in Poondi, marking a new phase in Tiruppur’s residential market. Spread across 8.4 acres, the project comprises 113 low-density 4 BHK villas ranging from 2,543 to 2,767 sq ft, with prices starting at Rs 15.9 million. The development is designed with a focus on open spaces, with over 5.5 acres dedicated to open areas, including 2.3 acres of landscaped greenery. The project features 59 lifestyle amenities, including a 9,300 sq ft clubhouse and a 6,300 sq ft swimming pool, along with fitness, recreation and wellness faciliti..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement