+
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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code