<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">In a major strategy shift driven by escalating

geopolitical volatility, the Ministry of Ports, Shipping and Waterways has

announced a complete freeze on fresh vessel deployments to the west of the

Strait of Hormuz. Federal authorities confirmed that India will prioritize the

evacuation and safe passage of commercial vessels currently trapped near the

critical maritime chokepoint before authorizing state-run or domestic energy

tankers to resume fuel-loading operations in the Gulf. <o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">The cautious regulatory stance underscores the severe

operational risks confronting merchant shipping lines as regional conflict

continues to destabilize vital international trade corridors. <o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">Addressing a media briefing, Mukesh Mangal, Additional

Secretary at India's shipping ministry, stated that the administration is

working in close diplomatic coordination with the Ministry of External Affairs

(MEA) to monitor the stranded fleet. Technical data reveals that 13

Indian-flagged vessels and one Indian-owned merchant ship remain stuck on the

western side of the Strait. Government planners emphasized that maritime

authorities will only clear commercial tankers to re-enter these volatile

waters once local security conditions improve and the transit framework is

deemed safe. <o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">The ongoing maritime blockade has triggered widespread

operational and financial friction across the cross-border supply chain: <o:p></o:p></span></p>

<ul style="margin-top:0cm" type="disc">

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Energy

Disruption:</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif"> Prior to the conflict, India sourced

over 40% of its crude oil imports and roughly 90% of its cooking gas (LPG)

via the Strait of Hormuz. The prolonged halt has plunged the country into

one of its most severe domestic LPG supply crises in decades. <o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Surging

Surcharges:</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif"> Global shipping lines have imposed

sweeping contingency surcharges of up to $4,000 per 40-foot container on

regional routes. This has triggered intense disputes over cost absorption

and severely impacted the global market competitiveness of Indian

engineering, agricultural, and chemical exports. <o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Capacity

Strains:</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif"> With commercial vessels forced into

extended mid-route standstills or complex rerouting via the Cape of Good

Hope, a localized container shortage has driven regional sea-freight rates

up by nearly 50%.<o:p></o:p></span></li>

</ul>

<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">Despite the high-stakes trade bottlenecks, federal

policy planners are refusing to compromise on vessel and crew safety. While

state-run entities like the Shipping Corporation of India (SCI) have prepared

operational contingency plans to gradually restart energy lifting from West

Asian suppliers, final deployments remain strictly on hold awaiting formal

clearances from the Indian Navy. By linking future sailing approvals to a

comprehensive risk discovery process, the central administration aims to

protect maritime assets from critical security threats while navigating broader

volatility in international insurance and energy freight markets.&nbsp;<o:p></o:p></span></p>