AGP Executive Report
Last update: 2 hours agoMaritime Security: India’s FM S Jaishankar urged Iran to avoid attacks on commercial shipping and seafarers in a call with Abbas Araghchi, adding that India condemns any such strike by any party as West Asia tensions rise. Human Impact: India says 16 nationals (including 10 seafarers) have died and 75 injured since the 2026 conflict began, with additional evacuations reported from Iran. Shipping Disruption Watch: At the BT Infrastructure Summit, industry leaders said Red Sea disruptions are forcing carriers to reroute via the Cape of Good Hope and add capacity, with Indian ports still playing a key role. Air Cargo Performance: IAG Cargo reported Q2 revenues and traffic down year-on-year due to Middle East conflict-driven capacity cuts, but yields rose as it leaned into premium flows across Asia Pacific and India. Regional Risk Sharing: ASEAN shipowners are working on the region’s first Protection & Indemnity insurance club to lower premiums and share risk, currently in structuring with a multi-year timeline. Trade & Corridors: Tajikistan, Iran and Afghanistan signed a trilateral agreement to set up a road transport corridor to boost cross-border freight and economic cooperation. Logistics Finance: A World Bank report says East Asia and the Pacific need nearly $900B in maritime investment through 2040 to modernize ports and fleets as trade grows and alternative fuels pressure networks. Infrastructure Push (India): BT Infrastructure Summit discussions highlighted the next financing cycle for data centres, space, intelligent transport systems, shipping and aerospace, with a stable rupee flagged as critical for attracting long-term capital.
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