according to union shipping minister GK Vasan, the share of Indian shipping tonnage as compared to world shipping tonnage in term of gross tonnage (GT) by flag of registration stood at 1.19% on January 1, 2006, 1.16% on January 1, 2007 and 1.18% on January 1, 2008 as per data available.
The government, he said, has introduced tonnage tax regime in India since 2004 by which the tax outgo for Indian shipping companies had been brought in the line with international practice. Further, the liberalized policy on ship acquisition has been introduced and acquisition of all types of ships has been brought under open general license (OGL).
Besides, 100% FDI has been permitted in ship acquisition and registration formalities of newly acquired ships have been simplified.
The government has further formulated the National Maritime Development Programme (NMDP), a comprehensive programme aimed at addressing various important issues to bring holistic growth in the industry.
This formed part of his reply to questions raised in Lok Sabha recently.
|
growth of Indian shipping industry
(In comparison to other foreign shipping industry as per available data)
|
Flag of Registration
|
01.01.2006
|
01.01.2007
|
01.01.2008
|
|
Tonnage (min grt)
|
% of growth
|
Tonnage (min grt)
|
% of growth
|
Tonnage (min grt)
|
% of growth
|
|
Panama
|
141.80
|
7.83
|
154.96
|
9.28
|
168.17
|
8.52
|
|
Liberia
|
59.60
|
10.58
|
68.40
|
14.77
|
76.57
|
11.94
|
|
Bahamas
|
38.40
|
8.47
|
40.83
|
6.33
|
43.74
|
7.13
|
|
Greece
|
30.70
|
-4.06
|
32.05
|
4.40
|
35.70
|
11.39
|
|
Malta
|
23.00
|
2.68
|
24.85
|
8.04
|
27.75
|
11.67
|
|
Cyprus
|
19.00
|
-10.80
|
19.03
|
0.16
|
18.95
|
-0.42
|
|
Singapore
|
31.00
|
17.87
|
32.17
|
3.77
|
36.25
|
12.68
|
|
Norway(NIS)
|
14.20
|
-7.79
|
14.80
|
4.23
|
14.71
|
-0.61
|
|
Japan
|
12.80
|
-3.03
|
12.80
|
0.00
|
12.79
|
-0.08
|
|
China
|
22.30
|
9.31
|
23.49
|
5.34
|
24.92
|
6.09
|
|
USA
|
11.10
|
3.74
|
11.22
|
1.08
|
11.41
|
1.69
|
|
Russia
|
8.30
|
-3.49
|
-
|
-
|
-
|
-
|
|
Germany
|
11.50
|
40.24
|
11.36
|
-1.22
|
12.93
|
13.82
|
|
Italy
|
11.60
|
5.45
|
12.57
|
8.36
|
12.97
|
3.18
|
|
India
|
8.10
|
8.00
|
8.38
|
3.46
|
9.17
|
9.43
|
|
Marshall Islands
|
29.20
|
29.78
|
32.84
|
12.47
|
35.96
|
9.50
|
|
Hong Kong
|
29.80
|
14.18
|
32.68
|
9.66
|
35.82
|
9.61
|
|
South Korea
|
9.30
|
19.23
|
10.47
|
12.58
|
13.1
|
25.12
|
|
Isle of Man
|
8.40
|
-
|
8.63
|
2.74
|
-
|
-
|
|
Denmark (Dis)
|
-
|
-
|
-
|
-
|
8.97
|
-
|
|
UK
|
11.20
|
0.90
|
12.15
|
8.48
|
12.69
|
4.44
|
|
Bermuda
|
-
|
-
|
8.41
|
-
|
9.17
|
9.04
|
|
World total (including other countries)
|
675.11
|
6.60
|
721.86
|
6.92
|
774.94
|
7.35
|
Note: Vessels of 100 GT and over (source: Ministry of shipping) |
|
Mail this article
Print this article
