The ongoing Iran-Israel conflict jeopardizes India’s $41.7 billion trade with West Asian nations. Experts warn that heightened tensions, especially after recent U.S. military actions, threaten shipping routes and financial systems, inflating costs and disrupting supply chains. India’s energy security could be further compromised if the Strait of Hormuz is affected.
Exporters are exploring the shift of freight operations from Bandar Abbas to Chabahar due to the rising Iranian-Israeli conflict threatening vital trade routes. With air freight costs already up 15%, further increases loom. Discussions to enhance connectivity to Uzbekistan aim to mitigate disruptions while ensuring robust trade across affected regions.
The Directorate General of Shipping has alerted Indian seafarers and vessels about the rising tensions between Iran and Israel. Following an advisory from the Ministry of External Affairs, operators are advised to exercise caution while in Iranian ports or transiting through the Strait of Hormuz, prioritizing crew safety and adhering to local protocols.
The Director General of Shipping has issued an advisory for seafarers, employers, and vessel-owners regarding calling to Iranian ports in light of the Iran-Israel war. Seafarers are urged not to sign on or off from any ports in Iran for their safety. Employers are advised to reschedule crew changes to alternative ports to avoid risks.
