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.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

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
Infrastructure Urban

GR Infraprojects to Raise $200 Million for Urban Infrastructure Projects

GR Infraprojects is poised to raise $200 million to bolster its urban infrastructure projects. This funding initiative aims to enhance the company’s capacity to undertake both ongoing and new projects, reflecting the rising demand for comprehensive infrastructure solutions in India. The funds will be allocated strategically to ensure the successful execution of various ventures, aligning with the company's growth ambitions. This financial maneuver highlights GR Infraprojects' commitment to contributing to India's infrastructure development, positioning itself as a key player in the evolving ..

Next Story
Infrastructure Transport

Government Implements Strategy to Boost Shipbuilding Sector

The Indian government is actively pursuing a comprehensive strategy to invigorate the shipbuilding sector, which is vital for enhancing the country's maritime capabilities. This initiative focuses on several key areas, including policy reforms, financial incentives, and technological advancements. By streamlining regulations and providing support for domestic shipyards, the government aims to reduce reliance on foreign vessels and promote indigenous manufacturing. Additionally, the strategy seeks to improve workforce training and development, ensuring a skilled labor force to meet the demands ..

Next Story
Infrastructure Transport

Government Proposes Market-Rate Setting for Port Berths

The Ministry of Ports, Shipping, and Waterways is advancing a significant policy initiative that will allow port authorities in India to set market rates for their berths. This strategic move is designed to improve the operational efficiency of ports and enhance their competitiveness in a rapidly evolving maritime sector. By enabling port authorities to determine their own pricing structures, the government aims to align berth rates more closely with market demand. This approach is expected to create a more responsive pricing mechanism, potentially attracting increased business to Indian ports..

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