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Indian ship owners seeks diplomatic intervention for safe passage in West Asia

Indian ship owners seeks diplomatic intervention for safe passage in West Asia

INSA urges diplomatic intervention for 27 Indian flagged vessels, valued over ₹10,000 crore, stuck in West Asia's Hormuz Strait. 85% of India's cooking gas imports pass through, with 3 tankers attacked since Feb 27, 2026.
Shipping Disruption in the Persian Gulf Sends Oil Higher, Raising Immediate Feedstock Risk for Global Petrochemical Markets

Shipping Disruption in the Persian Gulf Sends Oil Higher, Raising Immediate Feedstock Risk for Global Petrochemical Markets

Military strikes in the Persian Gulf caused oil prices to rise 10-13% to $80/barrel, disrupting 20% of global crude and significant petrochemical/LNG flows. This raises feedstock costs, impacting global chemical markets and supply chains.
CEO: Haldia has ample naphtha, plans to step up local purchases amid US–Iran conflict

CEO: Haldia has ample naphtha, plans to step up local purchases amid US–Iran conflict

Haldia Petrochemicals has sufficient naphtha, plans to boost local purchases amid US-Iran conflict. It operates a 700,000 ton/year ethylene cracker and aims for 2 million tons in trade volumes.
Iran crisis puts Asia on alert for LNG scramble and US$100 oil

Iran crisis puts Asia on alert for LNG scramble and US$100 oil

Iran crisis threatens Asia with LNG scramble and US$100 oil. Brent crude rose 13% to US$82. Disruptions in Strait of Hormuz could hit petrochemicals, stoke inflation, and impact GDP.
Germany's CABB sells Jayhawk to Anupam Rasayan for $150 mn

Germany's CABB sells Jayhawk to Anupam Rasayan for $150 mn

Germany's CABB Group sold its US-based Jayhawk Fine Chemicals to India's Anupam Rasayan for $150 million on March 2, 2026. This aligns with CABB's strategic shift to Pharma and Life Science, while Anupam expands its US presence.
Fertiliser and methanol prices on edge as Middle East tensions escalate

Fertiliser and methanol prices on edge as Middle East tensions escalate

Escalating Middle East tensions threaten energy and chemical markets. Nearly 20% of global crude transits Hormuz, pushing Brent to $82.4/barrel. India's methanol prices surged 13%. Fertilisers and petrochemicals face freight inflation, with Asia highly exposed.
Why Iran targeting Aramco's Ras Tanura refinery is a huge blow

Why Iran targeting Aramco's Ras Tanura refinery is a huge blow

An Iranian drone strike on Saudi Aramco's Ras Tanura refinery (550,000 bpd capacity) caused a temporary shutdown, sending Brent crude to $80/barrel (8-9% surge). This impacts global energy and India's petrochemical supply.
| Polyester, cotton and chemicals under pressure as US-Iran conflict grows

| Polyester, cotton and chemicals under pressure as US-Iran conflict grows

The escalating US-Iran conflict is pressuring global manufacturing. Polyester, cotton, and chemicals face rising costs due to oil/gas volatility and shipping risks, impacting supply chains from textiles to automotive and construction sectors.
Gopalpur project first phase on track for late 2028/early 2029 commissioning

Gopalpur project first phase on track for late 2028/early 2029 commissioning

Avaada Group's Gopalpur green hydrogen/ammonia project in eastern India is on track for late 2028/early 2029 commissioning. It aims to establish a world-class green molecules ecosystem, integrating renewables and fostering innovation for India's clean energy future.
Why America’s new executive order on glyphosate matters for India

Why America’s new executive order on glyphosate matters for India

A US executive order on glyphosate, a probable carcinogen, guarantees supply for one company, impacting India's food imports. US farmers spray it on wheat, corn, soybeans, cotton, leading to residues. India's FSSAI can still reject unsafe imports.

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