𝗪𝗵𝘆 𝗮𝗿𝗲 𝘁𝗵𝗲𝗿𝗲 𝘀𝗼 𝗳𝗲𝘄 𝘃𝗲𝘀𝘀𝗲𝗹𝘀 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗳𝗹𝗮𝗴?

𝙎𝙪𝙧𝙥𝙧𝙞𝙨𝙚𝙨 𝙛𝙧𝙤𝙢 𝙄𝙣𝙙𝙞𝙖 𝙢𝙖𝙧𝙠𝙚𝙩 𝙧𝙚𝙨𝙚𝙖𝙧𝙘𝙝 2

As part of our market research on India, we have been looking more closely at the Indian maritime fleet and one thing that caught our attention was the number of vessels registered under the Indian flag.

To put this into perspective, looking at vessels of 300 GT and above, the figures from January 2022 show:

India: 905 vessels

China: 5,203 vessels

Indonesia: 3,603 vessels

That means China had almost 6 times as many vessels under its national flag as India, while Indonesia had around 4 times as many. This raised an interesting question for us: why is the Indian-flagged fleet relatively small compared with other major Asian maritime nations?

India has a long coastline, a strong maritime presence, and a growing shipbuilding and ship repair industry. At the same time, a significant number of vessels connected to Indian shipping interests operate under foreign flags.

Indian shipping companies may consider a range of regulatory, operational and commercial factors when deciding where to register their vessels.

Understanding these factors could provide valuable insights into the structure of India's maritime fleet and the opportunities within its shipping and ship-management sectors.

This is another interesting finding emerging from our research into the Indian maritime market, and we look forward to exploring what is behind these numbers.

What do you think are the main factors influencing the choice of flag for Indian owned vessels?

[1]: https://lnkd.in/eZgjDSwn "Indian National Shipowners’ Association"

[2]: https://lnkd.in/eq5WcZkC "2022 Shipping Statistics Overview | PDF | Oil Tanker | Ships

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