Indian ports make bunkering activity gains amid Red Sea crisis

Indian ports reported a 64 per cent year-on-year (YoY) increase in the total number of bunkering and ship-to-ship (STS) calls during the first seven months of 2024, according to the S&P Global Commodity Insights. In shipping parlance, bunkering refers to the process of supplying fuel to ships. S&P said the Red Sea crisis has prompted