India Reviews Controversial Cabotage Rules for Coastal Shipping
The Indian government is reassessing a 2018 policy that relaxed cabotage rules, which had allowed foreign-flagged vessels to operate on domestic coastal routes. The initial goal was to enhance competition, lower logistics costs, and boost transhipment volumes at Indian ports. However, the policy has faced significant backlash from domestic shipowners, who argue it has severely harmed the Indian-flagged fleet. In response to these concerns, a high-level committee has been formed to evaluate the economic impact of the relaxation. This review will determine the future of the contentious rules governing India's coastal shipping sector.
Official Source: https://theloadstar.com/india-reviews-controversial-relaxed-costal-shipping-cabotage-rules/