According to a survey released on Tuesday, the first seven months of this year saw a notable increase in the amount of bunkering and ship-to-ship (STS) calls to domestic ports in India, with a year-over-year increase of 64%.
S&P Global Commodities at Sea data shows that the total number of bunkering and STS calls to Indian ports exceeded 6,765, compared with just 4,113 during the same period in 2023.
The monsoon hasn’t really affected Mumbai this time. A 53% increase in overall STS calls and bunkering was observed in Mumbai, one of the nation’s main hubs for bunkering.
The report claims that shipowners are extending their African cruises due to attacks on vessels in the Red Sea. The need for monsoon bunkers at Indian ports increased significantly as a result of this disturbance, as weather-related disruptions usually result in lower demand.
According to the research, favorable price and steady supply from domestic refineries from the second quarter of 2024 further fueled the growth.
Some port authorities prohibit barge transit during the Southwest monsoon season, which runs from June to September, because of unfavorable weather that affects mooring supply.
The report claims that shipowners are extending their African cruises due to attacks on vessels in the Red Sea. The need for monsoon bunkers at Indian ports increased significantly as a result of this disturbance, as weather-related disruptions usually result in lower demand.
According to the research, favorable price and steady supply from domestic refineries from the second quarter of 2024 further fueled the growth.
Some port authorities prohibit barge transit during the Southwest monsoon season, which runs from June to September, because of unfavorable weather that affects mooring supply.
Kochi’s bunker demand decreased as a result of an increase in Colombo. According to the study, limited supplies in Sri Lanka caused problems mostly for Colombo and Hambantota, leaving Trincomalee undisturbed.
According to the research, “Haldia market demand remained stable, with consistent supply maintaining market stability.”
