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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
IMO prepares Hormuz evacuation plan for hundreds of ships
2026-04-21 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman

Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman | Photo Credit: REUTERS

The International Maritime Organization is working on an evacuation plan for hundreds of ships that have been stuck in the Persian Gulf since US and Israeli strikes on Iran began more than seven weeks ago, according to Secretary General Arsenio Dominguez said.

The plan can only be put into action when there are clear signs of de-escalation, Dominguez said on the sidelines of Singapore Maritime Week. Details being discussed include an order of departure for vessels, depending on the length of time the crew has been stranded, among other factors, he added.

Any transits would follow a long-established route — the Traffic Separation Scheme that was proposed by Iran and Oman and adopted by the IMO in 1968, Dominguez said. Iran has developed a system over the past weeks that includes a specific route close to its coast and, in some cases, payment.

The IMO is in touch with littoral states, including Iran and Oman, and flag states to finalize the blueprint.

More stories like this are available on bloomberg.com

Published on April 21, 2026