Adani Ports, Aegis Vopak Plunge 6% Amid Strait of Hormuz Disruption Fears

• Shipping and logistics stocks fell sharply due to surging crude prices and fears of Strait of Hormuz disruption.
• Adani Ports, Aegis Vopak, Essar Shipping, Gujarat Pipavav Port, and Shipping Corporation of India were among the top losers.
• Brent crude jumped 6.4% to $77.57 per barrel, intensifying concerns over the critical maritime chokepoint.
• Disruption in the Strait of Hormuz could prevent 15 million barrels per day of crude from reaching markets.
• Indian operators face higher fuel costs, potential trade disruption, elevated war-risk insurance, and slower vessel movement.