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i-maritime Newsletter

Augment fleet for oil imports, PM tells shipping firms - 2011-10-03

more than 25 per cent 10 years ago. In the container cargo, India‟s share is 3.6 per cent. In response to Dr Singh‟s appeal, a leading ship-owner said that the Government‟s policies do not support domestic shipping. The state-owned oil companies charter foreign vessels for import of crude, while domestic ship-owners are forced to seek foreign oil cargo.
Some shipping lines tend to interpreted Dr Singh‟s call for „Indian control‟ as being opposed to opening up coastal shipping to foreign operators. The Government is expected to take decision on the Vallarpdam container terminal‟s request for relaxation of cabotage regulations to allow foreign shipping lines to operate coastal services to the terminal. Indian shipping lines have been opposing lifting the cabotage restrictions.
Expressing concern over the growing incidents of piracy close to the country‟s shores, the Prime Minister said instances of pirate attacks in the Arabian sea and more recently in the Indian Ocean much beyond the piracy infested areas of Gulf of Aden, pose a serious threat to us by putting at risk a large number of Indian seafarers and ships as also the sea-borne trade.
He said that the country‟s Navy, Coastguard and shipping companies are putting up a concerted effort in close co-ordination with other international agencies to deal with this menace.

Source: Hindu Business Line