Indian-flagged vessel sinks off Yemen after a projectile strike, all 14 crew rescued

An Indian-flagged vessel came under attack in the Red Sea and sank off the coast of Yemen. India's Ministry of External Affairs said all 13 Indian nationals aboard were rescued and that its embassy in Riyadh is coordinating with Yemeni authorities, The Hindu reported.

The ship, the MSV Faize Noore Oliya, was struck by a projectile roughly 13 nautical miles south of Hodeidah, an area under Houthi control, The Week reported. All 14 crew members, including the 13 Indians, were picked up by Yemeni coast guard units and taken to the port of Mokha without injuries, according to The Tribune. No party had claimed responsibility at the time of reporting, and New Delhi condemned the attack while thanking Yemeni authorities for the rescue.

The vessel was a small wooden dhow of the kind that carries regional cargo between Indian, Gulf and East African ports rather than a container ship on a mainline route. That distinction determines who bears the loss. Large carriers have already rerouted around the Cape of Good Hope or bought war-risk cover. Small regional operators can afford neither, so they keep sailing and absorb the risk directly.

The attack comes while the Hormuz negotiations are under way. A Red Sea corridor that remains dangerous while the Gulf entrance reopens leaves shippers with only part of the route restored, and insurers price the whole voyage rather than its safest segment.