India’s proposed ship age limits to have negligible effect on the global merchant fleet

It’s been one of the most read stories on the Splash site this month, but just how significant is the news coming out of India about soon-to-be-enacted ship age limits?

Splash reported five days ago about new rules be issued by New Delhi whereby no bulk carrier, tanker or general cargo ship aged 25 or older will be allowed to call at Indian ports. For gas carriers, offshore vessels and boxships the age limit will be set at 30 years. Locally flagged ships will be deregistered when they hit these new age limits. Furthermore, owners will not be able to locally flag any secondhand acquisitions that are 20 years old or above.

View entirety: Splash247