Oil tanker Shenlong completes journey to India amid conflict
pre-market1 source ↓written by the desknot a recommendation
- Jawahar Dweep
- 11 Mar 2023
- of crude oil
- 1,35,335 metric tonnes
- conflict escalated
- 28 Feb 2023
The Liberia-flagged oil tanker Shenlong successfully docked at Mumbai’s Jawahar Dweep on 11 Mar 2023, carrying 1,35,335 metric tonnes of crude oil from Saudi Arabia. This marks the first delivery via the Strait of Hormuz since the conflict escalated on 28 Feb 2023. The tanker navigated manually due to a digital blackout amid rising tensions in the region.
This successful transit is crucial as energy supplies are strained due to ongoing conflicts, potentially impacting crude oil prices and supply chains in the region.
Not investment advice. For informational purposes only.