Question : SHORTFALL IN CARRIAGE OF CARGO CAPACITY



(a) whether there is a shortfall in the carriage of cargo capacity and carriage of Petroleum, Oil and Lubricant/Liquid Cargo carrier;

(b) if so, the reasons therefor;

(c) whether foreign vessels are enjoying almost ninety percent of Indian cargo business;

(d) whether a large number of Indian cargo vessels are also too old to carry dry cargo like iron ore which is a major component of Indian export;

(e) if so, whether the Government has any proposal to procure more modern cargo vessels; and

(f) if so, the details thereof?

Answer given by the minister


MINISTER OF SHIPPING (SHRI G.K. VASAN)

(a) & (b): There is no shortfall in the carriage of cargo capacity as about 134 Indian Registered tankers are under operation. Capacity is a relative term due to dynamic situation of trade, depending on size of cargo parcel, voyage/ employment period and market demand.

(c): Yes, Madam.

(d): Around 280 cargo vessels out of the total of 1,145 Indian flag vessels are of a vintage of 25 years or more.

(e) & (f): Acquisition of tonnage is a commercial decision taken by the management of a shipping company based on economic viability of the assets.