| Indian Government: 25 And Out! |
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| Tuesday, 07 August 2007 08:00 | |||
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The Indian Government is considering regulations that would bar ships more than 25 years old from docking at Indian coastal ports. The Indian Shipping Ministry estimates that more than 17,000 ships worldwide are over 25 years of age and are still in service. The move is designed, in part, to discourage shipping companies from using flags of convenience to register their vessels. Click Read More For Link To Full Story From India Times: NEW DELHI: The government is charting out guidelines to bar entry of aged overseas ships into Indian coasts. Ships aged 25 years and above may soon be disallowed to dock at Indian coasts. According to a shipping ministry official, 17,000 ships are overage in the world. The policy is being finalised and would be announced soon. Ships with bad track records and Flags Of Convenience (FoC) like Panama (where ships are granted certification without major checks) won't be allowed.
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