Government Withdraws Trading Licences Of Oil Tankers, Cargo Vessels Aged Over 25 Years
The move is aimed at enhancing the safety of life at sea, encouraging a younger fleet and meeting global rules on ship emissions.
The government has withdrawn trading licences of oil tankers, bulk carriers and general cargo vessels that are more than 25 years old, according to a Directorate General of Shipping order.
The move is aimed at enhancing the safety of life at sea, encouraging a younger fleet and meeting global rules on ship emissions, the order stated.
The existing guidelines stipulate that no prior technical clearance is required for acquisition of vessels below 25 years of age and would be required for vessels of and above 25 years of age, the DGS said in an order.
"There is a need to modernise the Indian fleet, which requires extensive review of the requirements of the registration and operation of the ships, to ensure quality tonnage under lndian flag," DGS, Mumbai, said in the order on age norms and other qualitative parameters with regard to vessels.
The order said whereas the average age of world fleet is on the declining trend, the average age of the lndian tonnage is on the increasing trend over the years.
The shipping regulator said that there is a need to modernise the Indian fleet, which requires extensive review of the requirements of the registration and operation of the ships, to ensure quality tonnage under lndian flag.
It said that the non-compliance with conditions will lead to withdrawal of general trading licences of vessels.
"Foreign flagged vessels....already engaged in charter on the day of this order, shall also be allowed to operate up to three years from the date of the issue of this order or until the charter period, whichever is earlier," it said.