AGP Executive Report
Last update: 4 hours agoStrait of Hormuz Shipping: A Marshall Islands-flagged crude tanker, Nissos Keros, carrying about 270,000 metric tonnes of oil for India, safely crossed the Strait of Hormuz overnight and is due to arrive in Visakhapatnam on June 3, as India keeps 13 vessels still operating in the area and says full movements resume only when security improves. Energy Supply Watch: India’s government urged people not to panic-buy petrol, diesel, and LPG, saying refineries are running at high capacity and LPG deliveries are steady. US Sanctions on Iran’s Oil Trade: The U.S. Treasury and State Department announced fresh sanctions targeting Iran-linked shipping and companies, including Marshall Islands-flagged vessels, as Washington says it’s cutting off revenue tied to Iran’s military. Local Maritime Climate Push: Majuro is set to host a Pacific maritime meeting next month on shifting regional shipping away from diesel toward low-carbon transport, with plans for national action plans and climate funding support. Marshall Islands Legal Win: The International Tribunal for the Law of the Sea awarded the Republic of the Marshall Islands more than $14 million in compensation over the 2022 detention of the VLCC Heroic Idun and its crew.
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