Indian LNG carrier exits Strait of Hormuz after 3 months as US-Iran peace deal eases tensions
An Indian liquefied natural gas (LNG) carrier, Disha, safely transited through the Strait of Hormuz on Monday, making it the first Indian-flagged LNG-carrying vessel to
An Indian liquefied natural gas (LNG) carrier, Disha, safely transited through the Strait of Hormuz on Monday, making it the first Indian-flagged LNG-carrying vessel to exit the war zone in over three months. The development comes roughly a day after US President Donald Trump announced that a peace deal with Iran is "now complete", with mediator Pakistan stating that the agreement will be signed on 19 June in Switzerland. Disha, managed by a Shipping Corporation of India-led consortium, is carrying 62,370 metric tonnes of LNG cargo, a Shipping Ministry official said. Quick answers to key questions ⢠5 QUESTIONS 1 What recent event allowed the Indian LNG carrier Disha to transit through the Strait of Hormuz? ⵠThe Indian LNG carrier Disha was able to transit through the Strait of Hormuz after a peace deal was finalized between the US and Iran, easing tensions in the region. 2 Why was the Strait of Hormuz under such tension for three months? ⵠThe Strait of Hormuz was under tension due to military conflicts between the US and Iran, which included blockades that disrupted trade and shipping lanes. 3 How does the US-Iran peace deal affect international shipping through the Strait of Hormuz? ⵠThe US-Iran peace deal is expected to reopen the Strait of Hormuz for international shipping, thus reducing shipping disruptions and improving trade stability.
4 Should businesses anticipate lower shipping costs now that the Strait of Hormuz is reopening? āµ Yes, businesses should anticipate lower shipping costs due to the reopening of the Strait of Hormuz, which is crucial for energy and trade flows, provided stability is maintained. 5 What impact did the tensions in the Strait of Hormuz have on India's energy imports? āµ Tensions in the Strait of Hormuz had a significant impact on India's energy imports, causing higher freight and insurance costs, and prompting some rerouting of cargo, which increased transit times. Also Read | Indian-flagged vessel MSV Virat 1 suffers engine failure off the coast of Oman Indian carrier exits Hormuz At a media briefing on recent developments in West Asia, Opesh Kumar Sharma, Director at the Ministry of Ports, Shipping and Waterways, said the vessel is expected to arrive at Gujarat's Dahej on 18 June. He added, āAs we speak now, LNG carrier Disha, managed by a Shipping Corporation of India-led consortium, has safely transited the Strait of Hormuz, and she is carrying 62,370 metric tonnes of LNG cargo. The vessel is supposed to enter Dahej upon coming to India, likely on the 18th.ā He added that the Ministry of Ports, Shipping and Waterways continues to coordinate with the Ministry of External Affairs, Indian missions abroad, shipping companies and other relevant stakeholders to ensure seafarer welfare and provide all assistance.