12 Vessels of Indian Interest Currently in Persian Gulf Area: MEA

September 30, 2026 12:25 PM

12 Vessels of Indian Interest Currently in Persian Gulf Area: MEA

Six India-flagged commercial vessels and six foreign-flagged vessels of Indian interest are currently in the Persian Gulf area, west of the Strait of Hormuz, the Ministry of External Affairs said on Tuesday.   MEA spokesperson Randhir Jaiswal said around 163 Indian seafarers are currently onboard these 12 vessels.   “ We have at this point in time, six India-flagged ships, commercial vessels in the Persian Gulf, west of (the Strait of) Hormuz. We also have six foreign-flagged vessels, wh...

India builds homegrown shield against maritime insurance risks

September 28, 2026 10:13 AM

India builds homegrown shield against maritime insurance risks

The Bharat Maritime Insurance Pool (BMIP) is strengthening India’s domestic maritime insurance capacity and reducing dependence on foreign insurers amid growing geopolitical and trade-related risks along key shipping routes. Launched in May 2026, the BMIP provides marine insurance coverage for Indian-flagged vessels, ships owned, managed or controlled by Indian entities, and cargo vessels destined for or originating from India. The pool has an underwriting capacity of ₹13,906.50 crore, or 1...