India's Bunkering Activity Jumps 64% in 2024 Amid Shipping Disruptions

14 Aug 2024 CW Team

India has witnessed a remarkable 64% increase in its bunkering activity in 2024, a trend driven by growing maritime fuel demands amid global shipping disruptions. This surge highlights India's expanding role in the global maritime fuel supply chain.

The sharp rise in bunkering activities reflects both increased shipping traffic and heightened demand for fuel due to ongoing global disruptions in shipping routes and supply chains. India's strategic position as a key maritime hub has enabled it to capitalise on these disruptions, enhancing its significance in the international shipping industry.

This uptick in activity underscores India's growing importance as a bunkering destination, with its ports handling a larger volume of maritime fuel. The increase is attributed to several factors, including improved port facilities, increased shipping routes, and the global shift towards more diversified fuel supply sources.

The growth in India's bunkering sector is expected to contribute positively to the country's economy, bolstering its position as a crucial player in the global maritime fuel market. The expansion is also likely to stimulate further investments in port infrastructure and services, reinforcing India's strategic maritime significance.

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