IPO● Neutral for Indian equities
Volare Shipping Shares Jump on First Trading Day
The brief
- Volare Shipping shares jumped on their first trading day
- Tanker rates have surged to record highs since Middle East conflict disrupted oil markets
- More Qatari LNG cargoes transit Strait of Hormuz despite ongoing risks
- $100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices
- SCI to help India achieve ambition of becoming top shipping nation: Sonowal
- Oil was pouring through the Strait of Hormuz again. Then attacks on shipping resurged.
- Middle East crude oil exports exceed pre-war levels but tanker attacks increase