GE Shipping, SCI shares rally up to 13% as Israel’s strike on Iran elevates tanker rate surge bets

June 13, 2025

Indian shipping stocks, including GE Shipping and SCI, surged following escalating tensions between Israel and Iran. The geopolitical unrest drove crude oil prices higher and fueled speculation about rising container shipping rates.

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Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest.

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