2 more Indian LPG tankers to cross Hormuz as Gulf war slows shipping
India Today
With hundreds of vessels anchored and crude flows stalled, two Indian LPG tankers prepare to sail through Hormuz.
Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in the coming days, even as crude oil shipments through the key route have come to a halt over the past 24 hours, Reuters reported.
Shipping data and trade sources indicate that the vessels could soon resume movement after a pause, at a time when heightened tensions in the region have forced hundreds of ships to drop anchor.
The Strait of Hormuz, a critical artery for global energy flows, has seen disruption after Tehran warned it could target vessels attempting to leave the Gulf. Nearly 20 per cent of global oil and liquefied natural gas supplies pass through this narrow waterway.
Market assessments on Friday showed no crude oil tankers had transited the strait in the previous 24 hours. Data from Kpler also showed that an empty crude tanker, under US sanctions, turned back towards Iranian waters on March 18.
Against this backdrop, two Indian LPG carriers - Pine Gas and Jag Vasant - are positioned near Sharjah in the United Arab Emirates.
Ship-tracking data from MarineTraffic showed both vessels broadcasting signals that they are preparing for a voyage.
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