Independent journal on economy and transport policy
01:29 GMT+2
Shipping industry to acquire used ships under foreign flags
(Exim India)
January 3, 2001
THE shipping industry has decided to register acquired second-hand vessels only under a foreign flag, with the Commerce Ministry and the Director-General of Foreign Trade (DGFT)'s insistence that the acquisition of such ships would require a licence.
The move is expected to result in stagnation in national tonnage. The acquisition of ships, both new and ...... Read more on Exim India
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