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For India’s shipping industry, a new rule promises to be a game-changer
Of the more than 22,000 cargo ships that sailed from India’s major ports in 2023, only about 450 were Indian-registered vessels. (Bloomberg)
Dr.G.R.Balakrishnan Oct 08 2024 Shipping News

For India’s shipping industry, a new rule promises to be a game-changer

The shipping ministry is finalising rules requiring international container lines operating on Indian seas to reserve at least 5% of their cargo space for domestic operators. Also, vessel-sharing agreements among container lines operating in India must include a 5% reservation for the movement of domestic cargo ships, as per draft regulations issued by the Directorate General of Shipping.