Aegis Vopak, Gujarat Pipavav Stocks Plunge 7% Amid Global Supply Chain Disruptions

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Aegis Vopak, Gujarat Pipavav Shares Plunge 7% Amid Global Supply Chain Disruptions

Shipping and Logistics

M

Moneycontrol•04-03-2026, 14:20

Aegis Vopak, Gujarat Pipavav Shares Plunge 7% Amid Global Supply Chain Disruptions

•Aegis Vopak Terminals and Gujarat Pipavav Port shares dropped over 7% and 5% respectively, leading declines in shipping and logistics stocks.
•The fall is linked to volatility in global energy and shipping markets, intensified by Middle East conflict.
•Disruptions in the Strait of Hormuz caused a 40% surge in daily freight rates for LNG carriers.
•Asian LNG spot prices soared to $25.4/mBtu, highest since 2023, after Qatar's LNG export facilities halted.
•Broader market also declined, with Sensex down 1.6% and Nifty falling, and India VIX spiking over 23%.

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