India Reviews Controversial Relaxation of Coastal Shipping Cabotage Laws
India's government is reviewing a controversial 2018 policy that relaxed cabotage rules, allowing foreign-flagged ships to carry cargo between domestic ports. The move was intended to boost Indian transhipment hubs and reduce reliance on foreign ports like Colombo. However, the Indian National Shipowners’ Association (INSA) argues the policy has failed, harming the domestic fleet and benefiting foreign competitors. INSA claims the market share of Indian vessels in coastal trade has fallen significantly. The government is now re-evaluating the regulation's impact on the domestic maritime industry.
Official Source: https://theloadstar.com/india-reviews-controversial-relaxed-costal-shipping-cabotage-rules/