WebinarsNew
Deep DiveNew
Explore Business Standard
A ship caught fire early Monday in the Strait of Hormuz near the coastline of Oman, the British military said. The British military's United Kingdom Maritime Trade Operations center issued a warning about the fire, saying it was unclear what sparked the blaze. The US military has been encouraging ships to use a route near Oman to transit the Strait of Hormuz. Iran has responded with attacks targeting those vessels, insisting it must have control over the crucial waterway through which a fifth of all oil and natural gas traded once passed in peacetime. The United States began a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, and Iran fired missiles toward Jordan that risked widening the conflict into neighboring Israel. Step by step, the US and Iran have inched closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely
India on Tuesday strongly condemned the attacks on two merchant vessels in Strait of Hormuz, in which one Indian national was killed and 10 others were injured. The Deputy Chief of Mission of the Embassy of Iran was summoned this morning by the Ministry of External Affairs (MEA) and a strong protest against these attacks was lodged with him. India said it is "deeply concerned" by the attacks on two vessels, MT Al Bahiyah and MT Mombasa, during their transit through the strait. "Both the vessels were carrying 30 Indian seafarers, among their combined crew of 46. Of the 12 Indian nationals onboard MT Al Bahiyah, one has tragically lost his life and another has been injured," the MEA said. "Of the 18 Indian nationals onboard MT Mombasa, nine have sustained injuries, including two who are reported to be seriously injured," it said. The MEA said India strongly condemns these attacks and "acts of violence targeting seafarers and disrupting free and safe navigation through international
The UAE has condemned a strike on an Indian-flagged vessel off the coast of Oman, calling it a "terrorist attack" and a "dangerous escalation" that threatens the stability of critical waterways. The commercial vessel, which was sailing from Somalia, came under attack on Wednesday, according to India's Ministry of External Affairs. All 14 crew members were rescued by Omani authorities, but it was not immediately known who carried out the strike, it said. "The UAE strongly condemns terrorist attack on Indian-flagged ship off the coast of Oman," the UAE's Ministry of Foreign Affairs (MoFA) said in a statement issued on Thursday. "This attack constitutes a grave threat to the security of international navigation and represents a dangerous escalation aimed at undermining the stability of critical waterways." The incident took place amid the fragile situation in the Strait of Hormuz, a narrow waterway close to the coast of Oman through which roughly one-fifth of the world's energy suppli
An Indian-flagged crude tanker sailed out safely from the UAE's Fujairah after loading oil, despite an attack on the oil terminal, as the government on Sunday said it is closely monitoring the situation in West Asia while ensuring stable fuel supplies and maritime safety. The vessel, Jag Laadki, carrying about 80,800 tonnes of Murban crude oil, departed Fujairah at 1030 hrs IST and is bound for India, with all crew members safe, the government said in an update on preparedness measures. Jag Laadki is the fourth Indian-flagged vessel to have come out of the war zone unharmed. Besides, the safe passage being an important milestone for Indian diplomacy, the cargo they are carrying is considered critical as shipping constraints in the Strait of Hormuz have impacted India's energy supplies. "On March 14, 2026, while the Indian-flag vessel Jag Laadki was loading crude oil at the Fujairah Single Point Mooring, the Fujairah oil terminal was attacked. The vessel sailed safely from Fujairah
Union Minister Sarbananda Sonowal on Thursday flagged off India's first indigenous hydrogen fuel-cell vessel in Varanasi, marking a key milestone in the country's push towards clean, and sustainable inland water transport. At a ceremony held at Namo Ghat, the Ports, Shipping, and Waterways minister inaugurated the vessel's commercial operations. Sonowal said the hydrogen-powered vessel reflects India's growing technological capabilities and its commitment to sustainable energy. "This is not just technological progress, but a sign that we are advancing confidently towards green energy and indigenous solutions," he said. The minister said it was a matter of national pride that India has now joined the list of countries such as China, Norway, the Netherlands, and Japan that operate hydrogen-powered vessels. "This proves that our technical capabilities are ready for the future. This has been made possible due to the Prime Minister's visionary leadership. The speed and approach with whi
Dozens of firefighters were battling a blaze on a container ship docked at a Los Angeles port on Friday night, according to officials. All of the 23 crew members were accounted for, and there were no injuries from the electrical fire, which appears to have started below deck, according to the Los Angeles Fire Department. The ship's cargo includes hazardous materials. By about 7 pm, the fire had spread to several levels of the ship, according to the fire department, and later an explosion took place mid-deck. It was not immediately clear how the fire started. More than 100 firefighters were fighting the fire at the Port of Los Angeles, according to Los Angeles Mayor Karen Bass. The port is known as the busiest in North America. LAFD Hazardous Materials companies are monitoring air quality as fire suppression continues, she said. The 1,102-foot-long (336-metre-long) vessel, the One Henry Hudson, is operated by One Ocean Express, a shipping company headquartered in Singapore. Before
Cochin Shipyard Ltd (CSL) on Tuesday said it has bagged a mega order from a prominent European client for the design and construction of six feeder container vessels. These vessels will have a capacity of about 1,700 twenty-foot equivalent units and be powered by liquefied natural gas, according to a regulatory filing. CSL said that a letter of intent (LOI) in this regard was signed on October 14, 2025. A formal shipbuilding contract detailing the techno-commercial terms will be signed in due course, it added. According to the company's project classification, the value of the order is above Rs 2,000 crore.