AGP Executive Report
Last update: 10 hours agoShipping Security: India says a Marshall Islands-flagged tanker, Nissos Keros, carrying about 270,000 MT of crude, safely cleared the Strait of Hormuz and is due in Visakhapatnam on June 3, while India also launched a priority plan to extract 13 Indian-flagged vessels from the corridor. Energy Supply Management: India urged people to avoid panic buying as it reported high refinery runs, steady petrol/diesel availability, and boosted domestic LPG output, alongside calls for public oil firms to hold 30 days of LPG reserves. Sanctions & Maritime Risk: The U.S. Treasury and State Department escalated “maximum pressure” on Iran’s oil trade with fresh sanctions on vessels and companies tied to Iranian military-linked shipping networks, including Marshall Islands-flagged targets. Regional Shipping Decarbonization: In the Pacific, ministers from 10 countries will meet in Majuro for the Pacific Blue Shipping Partnership, aiming for low-carbon shipping plans and climate finance, with the Marshall Islands’ sail/solar vessel Juren Ae cited for 50%+ fuel savings. Corporate Shipping: Okeanis Eco Tankers held its 2026 annual meeting with shareholder proposals approved.
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