Using VesselsValue data, Peter Williams, Trade Product Manager, looks into the impacts of India’s latest restrictions on vessels older than 25 years. This article explores fleet utilisation of Cargo vessels, as well as port calls and journeys to India. You can read the full piece here.
“India is taking further steps to lower the footprint that their Shipping trade leaves. It is understood that a number of measures will be introduced, including a ban of Tankers and Bulkers older than 25 years of age, and Gas and Container vessels older than 30 years, from making port calls in India. Secondhand vessels purchased that are older than 20 years will be refused Indian flag registration…” Read more.
“On the face of it, VesselsValue Trade data shows that the portion of the Global fleet that would be excluded from trading with India is significant; 15% of the Tanker fleet and 10% of the Gas fleet will be taken out of the supply pool. However, when observing the utilisation of these older vessels for journeys that end in India, VesselsValue Trade data shows that the scale of restrictions is fairly limited…” Read more.
