JM Financial Flags Risks to Indian Port Logistics Amid West Asia Tensions
WAREHOUSING & LOGISTICS

JM Financial Flags Risks to Indian Port Logistics Amid West Asia Tensions

JM Financial has warned that escalation in the US–Israel and Iran conflict could disrupt shipping through the Red Sea and the Persian Gulf and pose risks to Indian port logistics. The brokerage said liquefied natural gas (LNG) and crude oil shipments were especially vulnerable and refiners shifting suppliers could realign cargo flows, affecting port volumes in March 2026. Container traffic to the Middle East may be affected though major terminals could see limited fallout.

Adani Ports and Special Economic Zone (ADSEZ), which handles nine million (mn) twenty-foot equivalent units (TEUs) annually, has 15 per cent of Mundra’s volumes linked to the Middle East. That equals around one point three to one point four mn TEUs and could hit monthly volumes at Mundra by three to four per cent, JM Financial said after channel checks. If the conflict lasts beyond three months the brokerage estimated the cumulative annual impact might be about one per cent.

Shippers are seeking routes that avoid the Strait of Hormuz, with ports such as Khor Fakkan and Salalah under consideration, and India is diversifying liquefied petroleum gas (LPG) imports. The Habshan?Fujairah pipeline, with capacity of one point five mn barrels per day, and Saudi Arabia’s East?West line to Yanbu, with five mn barrels per day capacity, could ease crude export disruption.

India sourced 50 per cent of its LPG imports in calendar year 25 from Gulf suppliers, and Indian oil marketing companies have agreed to import two point two mn tonnes of LPG from the United States from calendar year 26, equal to 10 per cent of annual imports. JM Financial noted LNG prices had risen about 40 per cent while propane and butane increased about 17 per cent, widening the LNG?LPG price gap and supporting distribution margins for some logistics firms. The brokerage said its views were its own and readers should consult certified experts before making investment decisions.

JM Financial has warned that escalation in the US–Israel and Iran conflict could disrupt shipping through the Red Sea and the Persian Gulf and pose risks to Indian port logistics. The brokerage said liquefied natural gas (LNG) and crude oil shipments were especially vulnerable and refiners shifting suppliers could realign cargo flows, affecting port volumes in March 2026. Container traffic to the Middle East may be affected though major terminals could see limited fallout. Adani Ports and Special Economic Zone (ADSEZ), which handles nine million (mn) twenty-foot equivalent units (TEUs) annually, has 15 per cent of Mundra’s volumes linked to the Middle East. That equals around one point three to one point four mn TEUs and could hit monthly volumes at Mundra by three to four per cent, JM Financial said after channel checks. If the conflict lasts beyond three months the brokerage estimated the cumulative annual impact might be about one per cent. Shippers are seeking routes that avoid the Strait of Hormuz, with ports such as Khor Fakkan and Salalah under consideration, and India is diversifying liquefied petroleum gas (LPG) imports. The Habshan?Fujairah pipeline, with capacity of one point five mn barrels per day, and Saudi Arabia’s East?West line to Yanbu, with five mn barrels per day capacity, could ease crude export disruption. India sourced 50 per cent of its LPG imports in calendar year 25 from Gulf suppliers, and Indian oil marketing companies have agreed to import two point two mn tonnes of LPG from the United States from calendar year 26, equal to 10 per cent of annual imports. JM Financial noted LNG prices had risen about 40 per cent while propane and butane increased about 17 per cent, widening the LNG?LPG price gap and supporting distribution margins for some logistics firms. The brokerage said its views were its own and readers should consult certified experts before making investment decisions.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement