{"id":407826,"date":"2021-03-30T10:21:59","date_gmt":"2021-03-30T04:51:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407826"},"modified":"2021-03-30T11:15:58","modified_gmt":"2021-03-30T05:45:58","slug":"biggest-crude-importer-via-suez-canal-india-may-face-larger-trade-hit-from-logjam","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/biggest-crude-importer-via-suez-canal-india-may-face-larger-trade-hit-from-logjam\/","title":{"rendered":"Biggest crude importer via Suez Canal, India may face larger trade hit from logjam"},"content":{"rendered":"<p>As the prospect of the Suez Canal blockage turning into the longest-ever accidental closure of this vital trade passage looms large, the resultant impact on crude and tanker rates could progressively show up in the form of higher crude prices. This could eventually trickle down in retail price terms.<\/p>\n<p>India \u2014 the biggest importer via Suez <\/p>\n<p>India is the top importer of crude and products via the Suez Canal, higher than China, South Korea or Singapore, according to data from Vortexa. And more than two-thirds of India\u2019s crude comes from the Gulf region. <\/p>\n<p>In an analysis of the blockade, Vortexa noted Thursday: \u201cIf the issue is not solved today it will start to have implications on the bigger trade flow and shipping sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the prospect of the Suez Canal blockage turning into the longest-ever accidental closure of this vital trade passage looms large, the resultant impact on crude and tanker rates could progressively show up in the form of higher crude prices. This could eventually trickle down in retail price terms. India \u2014 the biggest importer via Suez India is the top importer of crude and products via the Suez Canal, higher than China, South Korea or Singapore, according to data from Vortexa. And more than two-thirds of India\u2019s crude comes from the Gulf region. In an analysis of the blockade, Vortexa [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-407826","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=407826"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407826\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}