New Delhi, Aug. 4 -- An Indian-flagged mechanized sailing vessel sank off the coast of Yemen on Tuesday after being hit by a projectile, underscoring the growing risks facing commercial shipping in West Asian waters despite stepped-up safety measures by the Indian government for its seafarers.

The Indian-flagged MSV Faize Noore Oliya capsized and sank near Yemeni waters after the attack. All 14 crew members on board, including 13 Indian nationals, were rescued by the Yemeni Coast Guard and brought safely to the Port of Mokha, according to the government.

The incident comes weeks after several merchant vessels, including Indian-linked ships, were caught in the crossfire during the recent US-Iran conflict around the Strait of Hormuz, high...