India’s merchant fleet to get 100 ships, but ageing fleet remains a hurdle

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India plans to add 100 vessels to its merchant fleet over the next five years to increase national shipping tonnage through reflagging and shipbuilding support. However, the ageing existing fleet remains a significant challenge.

India plans to add 100 vessels to its merchant fleet over the next five years. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said the government is seeking to increase Indian tonnage through measures including reflagging of foreign-owned vessels and support for shipbuilding. This comes at a time when a large part of the ...