Coastal Shipping Bill Introduced in Lok Sabha

On 2nd December 2024, the Coastal Shipping Bill, 2024, was introduced in the Lok Sabha to enhance coastal trade and promote Indian-flagged vessels owned and operated by Indian citizens.

Key Points

Licensing for Coastal Trade: The Bill prohibits foreign vessels from trading in coastal waters without a licence, with provisions for inland vessels to participate under specified conditions.
Employment and Shipbuilding: Aims to create jobs for Indian seafarers and promote domestic shipbuilding by setting citizenship and building requirements for licensed vessels.
National Database and Strategy: Proposes a National Database of coastal shipping and a Coastal and Inland Shipping Strategic Plan to ensure transparency and foster growth.
Maritime Sector Reforms: Replaces outdated laws like the Coasting Vessel Act, 1838, and regulates mechanized vessels under a unified framework.
Cost-Effective Transport: Recognizes coastal shipping as a cheaper and environmentally friendly alternative for transportation, leveraging India’s 7,500 km coastline.