First vessel carrying crude reaches Mumbai amid conflict
pre-market1 source ↓written by the desknot a recommendation
- of Saudi crude
- 1,35,335 MT
A Liberia-flagged tanker, Shenlong Suezmax, has successfully reached Mumbai Port, marking the first India-bound vessel to navigate the Strait of Hormuz since the onset of the Iran-US conflict. It carried 1,35,335 MT of Saudi crude, having loaded at Ras Tanura on 1 Mar and departing on 3 Mar. The vessel's journey highlights the resilience of India's crude supply amid regional tensions. ⚓
• The tanker switched off its AIS transponder while traversing the high-risk strait, reappearing on tracking systems on 9 Mar.
• This event underscores the geopolitical risks associated with oil supply chains and may influence crude prices in the near term.
Not investment advice. For informational purposes only.