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

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

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.

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.

Next Story
Real Estate

Jharkhand to Allot 181 Flats via Online Lottery in February

The Jharkhand State Housing Board (JSHB) will allot 181 houses and flats through an online lottery system starting February. The process will be held for the first time entirely online, and interested applicants can apply from February 10 to March 10 via the JSHB's official website. Properties will be available under different categories, with the allotment based on a 90-year lease. Categories include Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG), with varying sizes of houses and prices. For EWS, houses will have a super b..

Next Story
Infrastructure Urban

UP Cabinet Okays Municipal Bonds for Infrastructure

In a significant move aimed at bolstering infrastructure development in Uttar Pradesh, the state Cabinet approved the issuance of municipal bonds for the cities of Prayagraj, Varanasi, and Agra. The decision was made during a cabinet meeting chaired by Chief Minister Yogi Adityanath, which took place in the Maha Kumbh Mela area in Prayagraj. The new initiative will see the issuance of municipal bonds, enabling these cities to raise funds from the market for infrastructure projects. For every billion raised through these bonds, the state government will provide an additional Rs 130 million as ..

Next Story
Infrastructure Urban

Haryana Proposes New Policy on Tree Felling

The Haryana government has proposed a new policy on tree felling across non-forest land, which would remove the requirement for approval in urban areas on plots allocated by government bodies for residential, industrial, or infrastructure development. Currently, the forest department’s consent is mandatory for tree felling. The proposed policy seeks to replace all previous directives on tree felling outside forest areas, including those areas notified under Section 3 of the Punjab Land Preservation Act (PLPA), 1900. A committee is set to be formed to finalize the policy and revise compensat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000