Indian shipowners have sought urgent government intervention after 27 Indian-flagged vessels became stranded near the strategically vital Strait of Hormuz amid escalating hostilities between Iran and Israel. In a letter to the Ministry of Ports, Shipping and Waterways, the Indian National Shipowners' Association (INSA) warned that shipping assets worth over ₹10,000 crore are at risk due to the deteriorating security situation.

According to the letter, accessed by NDTV Profit, several Indian vessels are currently positioned south of the strait, awaiting clearance to load critical energy cargo. INSA highlighted that the ongoing crisis threatens not only ship safety but also India’s energy supply chain, given the waterway’s central role in global oil transportation.

The situation escalated late Monday when Iranian authorities announced the closure of the Strait of Hormuz. An official from the Islamic Revolutionary Guard Corps reportedly warned that vessels attempting to pass through the strait could face direct action. The move has raised concerns across international shipping and energy markets, as roughly 20% of the world’s oil supply transits through the narrow passage.

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INSA noted that nearly 85% of India’s liquefied petroleum gas (LPG) imports pass through the strait, making uninterrupted access critical. Since February 27, at least three tankers have reportedly come under attack in the Gulf region. The shipowners’ body said one vessel linked to its members narrowly avoided a missile strike, underscoring the growing risks to maritime operations.

Beyond immediate safety concerns, INSA cautioned that prolonged disruption could lead to a sharp rise in freight rates and marine insurance premiums. The association stressed that escalating costs would inevitably impact India’s energy imports and broader trade flows if safe passage is not restored swiftly.

Appealing for diplomatic engagement, INSA urged the government to undertake outreach with both Tehran and Tel Aviv to secure the safe movement of Indian vessels. The shipowners’ body said coordinated diplomatic efforts are essential to protect maritime assets, ensure crew safety, and maintain stability in critical supply routes during the unfolding regional crisis.

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