10 India-bound ships carrying energy cargo stuck in Persian Gulf | India News
In response to a question, Rajesh Sinha, Special Secretary of the Ministry of Shipping, said that three of the foreign-flagged vessels were carrying LPG, four were carrying crude oil and three were carrying LNG. He stressed that it was the government’s priority to ensure that Indian-flagged ships carrying India-bound cargo were allowed to pass through the Strait of Hormuz.Two LPG carriers, carrying about 94,000 tonnes of cooking gas, cleared the Strait of Hormuz on Saturday and are likely to dock at Mumbai port and New Mangalore port in the next two days.Asked how many empty vessels are likely to be sent back to the Persian Gulf for fresh loading, Sinha said, “We are yet to reach the stage where we start sending them (Indian-flagged vessels) back.”He also noted that insurance premiums have increased. “The affected area is not only the Strait of Hormuz; the areas beyond it also fall under the High Risk Area (HRA).” He added that commercial premiums were 0.04% of the value insured before the war, but had increased since then. He said that in one case, the premium is now 0.7% of the insured value, and it could be higher.
