NEW DELHI: The government has withdrawn trading licences of oil tankers, bulk carriers and general cargo vessels that are more than 25 years old, according to a Directorate General of Shipping (DGS) order.
The move is aimed at enhancing the safety of life at sea, encouraging a younger fleet and meet global rules on ship emissions, the order stated.
The existing guidelines stipulate that no prior technical clearance is required for acquisition of vessels below 25 years of age and would be required for vessels of and above 25 years of age, the DGS said in an order.
