Indian Shipowners Seek Diplomatic Intervention As 27 Vessels Remain Stranded Near Strait Of Hormuz
Indian shipowners have sought urgent government intervention after 27 Indian-flagged vessels became stranded near the Strait of Hormuz amid escalating tensions between Iran and Israel.
The Indian National Shipownersโ Association (INSA) has warned that shipping assets worth over โน10,000 crore are exposed to rising security risks in the Gulf region.
In a letter to the Ministry of Ports, Shipping and Waterways, INSA said several Indian vessels are currently positioned south of the strait, awaiting clearance to load essential energy cargo.
The association stressed that the crisis threatens not only maritime safety but also Indiaโs energy security.
According to INSA, the vessels are effectively caught in a โblocked style closureโ of the Strait of Hormuz following escalating hostilities involving the United States, Israel and Iran.
The association said many of the stranded tankers are already loaded with crude oil or liquefied petroleum gas (LPG) destined for India. Others are waiting to load energy supplies critical to the countryโs domestic demand.
Shipping assets valued at over โน10,000 crore are currently at risk in the region.
INSA said there are conflicting reports that Chinese and Iranian ships are still passing through the Strait of Hormuz in both directions. This has created confusion for Indian ship operators who are waiting for clear guidance on whether it is safe to sail.
The situation worsened late Monday when Iranian authorities announced the closure of the Strait of Hormuz. An official from the Islamic Revolutionary Guard Corps warned that ships trying to pass through the strait could face direct action.
The Strait of Hormuz is one of the worldโs most important shipping routes. About 20% of the worldโs oil passes through it every day.
For India, this route is critical. Nearly 85% of Indiaโs LPG imports move through the strait. Any disruption could affect fuel supplies and increase freight costs.
The association said Indian seafarers on these ships are facing increasing safety risks as tensions in the region continue.
In its letter, INSA asked the central government to take diplomatic steps to secure safe passage for Indian-flagged vessels and protect crew members.
References: The Economic Times, Business Standard
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