News / Indian shipowners move to modernise fleets as new vessel-age rules loom

Credit Shreyas Shipping and Logistics

In an early sign of supply chain transformation in India, niche feeder lines operating on coastal or regional short-haul routes have begun to modernise their tonnage, as government revises its ship-age policy.

Mumbai-based operator Shreyas has just acquired two mid-size second-hand containerships, of 2,872 teu and 2,553 teu, to upgrade its fleet after disposing of two aging 1998-built vessels, the SSL Chennai and SSL Kochi.

The move comes as, amid growing marine environmental concerns, the Directorate General of Shipping (DG Shipping), India’s maritime administrator, is ...