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Indian coastal shipping - off limits for foreign operators?

November 27 - Reports in the Indian shipping media suggest that the Indian Ministry of Shipping is considering a proposal to prevent foreign-flagged ships and foreign-owned vessels from operating in the Indian coastal trade.

The media reports suggest that the objective is to provide national tonnage with better opportunities to overcome the global economic slowdown and develop domestic cargo support. 

MoS is said to be working on a draft Cabinet note to revise cabotage rules, that will prohibit foreign ships from moving domestic cargoes from one port to another along the Indian coastline.

HLPFI understands that the Merchant Shipping Act does provide for a right of first refusal (ROFR) to Indian-owned and Indian-flagged ships for conducting coastal trade. Now, it would appear that the Indian government is planning to enforce this provision by formulating a stringent cabotage law to limit the movement of foreign vessels.

The press reports indicate that the MoS note will be sent to the Ministries of Defence and Home Affairs for their considered views

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
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Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 365
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 331

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