THE share of coastal shipping in Japan, China and the EU is five to six times higher than it is in India, reports Chennai's Hindu Daily.
To help even the score, India's Ministry of Ports, Shipping and Waterways (MoPSW) is planning to do away with licensing in coastal shipping, while allowing easier but selective access to the country's inland waterways.
The Coastal Shipping Bill 2024, likely to the tabled during the upcoming Winter Session of the Parliament, will remove the requirement of a general trading licence for Indian flagged vessels that are engaged in coastal trade. This in turn will promote tonnage under Indian flag.
The Coastal Shipping Bill will repeal and replace parts of the Merchant Shipping Act 1958. The new legislation will help improve the modal share of coastal shipping from the current 6.4 per cent levels to 7.5 per cent by 2030 and ultimately to 12 per cent by 2047.
Compared to India, the share of coastal shipping in Japan and the EU is five to six times higher, and the same is about seven times higher in China.
The Coastal Shipping Bill 2024 has already received Cabinet approval.
The bill will be the second major maritime trade-related legislation that India will look to overhaul during the upcoming Winter Session. The Merchant Shipping Bill is the other major legislation set for a complete re-enactment.
'The bill paves the way to accelerate ease of doing business by removing the requirement of general trading license for Indian flag vessels engaged in coastal trade,' an official said.
The proposed legislation will create avenues for integration of coastal shipping with inland waterways, as envisaged in Sagarmala.
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To help even the score, India's Ministry of Ports, Shipping and Waterways (MoPSW) is planning to do away with licensing in coastal shipping, while allowing easier but selective access to the country's inland waterways.
The Coastal Shipping Bill 2024, likely to the tabled during the upcoming Winter Session of the Parliament, will remove the requirement of a general trading licence for Indian flagged vessels that are engaged in coastal trade. This in turn will promote tonnage under Indian flag.
The Coastal Shipping Bill will repeal and replace parts of the Merchant Shipping Act 1958. The new legislation will help improve the modal share of coastal shipping from the current 6.4 per cent levels to 7.5 per cent by 2030 and ultimately to 12 per cent by 2047.
Compared to India, the share of coastal shipping in Japan and the EU is five to six times higher, and the same is about seven times higher in China.
The Coastal Shipping Bill 2024 has already received Cabinet approval.
The bill will be the second major maritime trade-related legislation that India will look to overhaul during the upcoming Winter Session. The Merchant Shipping Bill is the other major legislation set for a complete re-enactment.
'The bill paves the way to accelerate ease of doing business by removing the requirement of general trading license for Indian flag vessels engaged in coastal trade,' an official said.
The proposed legislation will create avenues for integration of coastal shipping with inland waterways, as envisaged in Sagarmala.
SeaNews Turkey
