indian built tankers

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

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The US Navy has intensified maritime pressure on Iran with a recent interception, even as diplomatic talks involving American envoys and Iran are underway in Pakistan. The advanced USS Rafael Peralta seized an Iranian vessel, part of a broader crackdown. Meanwhile, indirect negotiations aim to de-escalate regional tensions amid ongoing instability.

Blockade of Hormuz hurts world’s poor most, because cost of living has shot up, and food security is at risk. UAE envoy to India argues for a resolution that ensures Hormuz is never weaponised again

A US-sanctioned tanker carrying Iranian crude oil, initially bound for India, has rerouted to China. Payment issues appear to be the primary driver for this change, as sellers are reportedly tightening credit terms. This development highlights the ongoing challenges in facilitating Iranian oil trade, even with temporary US sanctions waivers.

India's naval strength significantly bolstered with the commissioning of INS Aridhaman, its third indigenous nuclear-powered ballistic missile submarine, enhancing its second-strike capability. The vessel boasts advanced stealth and increased missile capacity. Additionally, the stealth frigate INS Taragiri was inducted, alongside the foundation stone laid for a crucial naval research facility, underscoring India's growing maritime prowess and self-reliance.

Two "zombie ships," sailing under the identities of scrapped vessels, have reportedly transited the Strait of Hormuz amid escalating Middle East tensions. This tactic, seen with an oil tanker and an LNG carrier, suggests desperate measures by shipowners to move cargo through the war-hit chokepoint, raising concerns about global energy flows.

How Hormuz disruptions, benchmark volatility and refinery economics are testing India's energy resilience — and why the government moved to shield every pump in the country

The Strait of Hormuz crisis highlights global maritime vulnerabilities. For China, the Strait of Malacca presents a similar, long-term strategic risk. India's Andaman and Nicobar Islands offer proximity and surveillance capabilities, providing significant leverage. This geographical advantage allows India to create uncertainty and pressure, impacting China's vital trade and energy lifelines.

India is set to bolster its energy security by acquiring a fleet of 112 locally-built crude carriers by 2040, investing approximately $10 billion. This initiative aims to reduce reliance on foreign vessels and increase the proportion of Indian-built tankers in its fleet, aligning with the nation's goal to expand its refining capacity and become a developed nation by 2047.

As the Middle East conflict disrupts global energy supplies, Saudi Arabia has activated its 1,200-kilometer East-West pipeline to maintain oil exports. This crucial inland route, rerouting crude to the Red Sea port of Yanbu, is now a pivotal alternative to the closed Strait of Hormuz, ensuring continued market access despite escalating tensions and past attacks.

A US-Iran war is causing a dangerous oil shock, ironically enriching both Tehran and Moscow. As Gulf energy assets and shipping are disrupted, crude prices surge, providing a revenue windfall for Iran and benefiting Russia through tighter global supply and renewed Asian demand.

13 Indians who were on board of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country's maritime security centre said on Tuesday, a day after the sinking was reported. The crew of "Prestige Falcon" comprised 13 Indian nationals and three Sri Lankans, the Omani centre said in a post on the social media platform X.

A merchant tanker carrying 21 Indian sailors on board was hijacked by Somali pirates from a port in Oman on Saturday.

The Shipping Corporation of India (SCI) on Friday signed an MoU with Korea's Hyundai Heavy Industry here.