Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Ppt on growth of shipping industry
1.
2. The Indian Shipping has shown good growth from the
year 2000 to the year 2014 in terms of the number of
vessels as well as Gross Registered Tonnage (GRT).
Gross Registered Tonnage (GRT) applies to the vessel
and not to cargo. It is the weight of the volume
occupied by the closed in space of a ship taking 100
cubic feet of such closed in spaces as equivalent to one
vessel ton. It thus refers to the cubic capacity of the
vessels.
3. At the time of Independence, The total number of
vessels in India was 59 with the total Gross Registered
Tonnage (GRT) amounting to 192 vessel tonnes during
the year 1947.
The total number of vessels in India was 1204 with the
total Gross Registered Tonnage (GRT) amounting to
10309 tonnes during the year 2014.
Thus, during the period between the year 1947 and the
year 2014, the absolute growth of 1145 was recorded in
the number of vessels with percentage growth of
1940.70%. In terms of GRT, the absolute growth of
10117 vessel tonnes was recorded in GRT with
percentage growth of 5269%.
4.
5. The Indian Shipping has shown good growth from the
year 1951 to the year 2014 in terms of Gross Registered
Tonnage (GRT).
The total Gross Registered Tonnage (GRT) of Indian
Fleet was 391 tonnes with the average GRT amounting
to 3.8 tonnes in the year 1951
The total GRT of Indian Fleet was 901 tonnes with the
average GRT amounting to 5.2 tonnes in the year 1961
The total GRT increased by 510 tonnes (130.43%) as
compared to the year 1951 with the average GRT
increasing by 1.4 tonnes (36.84%).
6. The total GRT of Indian Fleet was 2500 tonnes with
the average GRT amounting to 9.8 tonnes in the year
1971.The total GRT increased by 1599 (177.47%) as
compared to the year 1961 with the average GRT
increasing by 4.6 tonnes (88.46%).
The total GRT of Indian Fleet was 11061 tonnes with
the average GRT amounting to 9.9 tonnes in the year
2011.The total GRT increased by 4093 tonnes (58.74%)
as compared to the year 2001 with the average GRT
decreasing by -2.6 tonnes (-20.8%).
7.
8. Current scenario
The Ministry of Shipping decided to rescind 13 Rules
under the Merchant Shipping Act, 1958 (as amended),
having found them to be obsolete and unnecessary.
Out of the 13 Rules, 6 has been rescinded and 7 have
been pre-published before rescindments. The Ministry
simplified the procedure and eliminated the
requirement of registration of Ship Repair Units
(SRUs) with Directorate General (Shipping).
9.
10. INDIAN SHIPPING INDUSTRY IN 2010-2011
Shipping play a important role in an Indian economy with
around 95 percent of the country trade by volume of 68
percent in terms of value being transport by sea as on 1 jan
2012. India had afleet strength of 1,122 ship with 10.01
million GT cater to india overseas trade and the rest to
coastal trade.
Gross foregion exchange earning/savings of india ships in
2010-11 were 10,666.45 crores. The country with the highest
death weight tonnage (DWT) is Hong Kong.
Though india has one of the largest merchant shipping
fleets among development countries,it is ranked 18th in the
world in terms of DWT with a share of only 1.09 percent as
on 1 jan 2011.in comparison to china is ranked 9th with a
share of 3.78 percent
11. Major Trading Nations (2008 trade
data
USA 10.68
Germany 8.22
China 7.91
Japan 4.78
France 4.04
Netherlands 3.72
Italy 3.37
UK 3.36
Belgium 2.91
Canada 2.70
Taiwan 1.53
India 1.45
Saudi Arabia 1.27
Australia 1.19
12. Challenges faced by coastal shipping in India
It is cost-effective, environment friendly and more
favored than alternative modes of cargo transport in
developed countries. Despite its wide scope and
popularity in other nations, India has sadly never
realized coastal shipping’s true potential.
13. Situation in India
12 of India’s 26 states are covered by the seacoast,
spreading across 7,517 kms and about 200 small
harbours. Despite a strong platform, the government
has so far failed to transform coastal shipping into a
lucrative business opportunity in India. Most cargo
that can be transported via costal shipments are still
being transported in traditional modes like Rail and
Road.
14. Major challenges in India’s coastal shipping
Lack of infrastructure: it is one of the biggest obstacles
faced in coastal shipping industry. The government has
failed to develop infrastructure that is expected to
make shipment easy and efficient.
Lack of lucrative government schemes: Unlike other
channels of transportation, the government has not
made any efforts to benefit coastal shipping users
financially.
15. 5 Problems Affecting Seafarers
1. Lenient Registries: Today, maximum seafarers
working on ships belongs to countries such as
Philippines, Ukraine, China, Bangladesh, Pakistan, .
2. Mindless Security Measures at Ports: Until some
years back, before the International ship and port
facility security (ISPS) code, it was very convenient for
ship’s crew to finish the work by late afternoon and then
easily go out to refresh themselves ashore.
16. 3. Difficulty to Join Ship: With fast loading and
discharging rates of the cargo at ports, especially for
the former, it has become increasingly difficult for a
seafarer to fly out and join a ship in a distant port.
4. Lack of Proper Training: In the matter of seafarer
training, greater emphasis should be given to on-board
training involving marine equipment manufacturers
and shipyard personnel.
17. CHALLENGES TROUBLING THE SHIPPING
INDUSTRY
Low demand and oversupply =
Demand from China, the world’s largest importer of
bulk commodities is slowing down, more quickly than
expected. And pouring to the existing woes is the
delivery of ships whose orders were placed before the
financial crisis.
18. Security threat
The high number of incidents of piracy and armed
robbery against ships, off the Somali coast and in the
Gulf of Aden is something that the whole world is
aware of, and is a growing concern for the maritime
industry that is heavily affected by these incidents.
Environmental regulations
Maritime transport emits around 1000m tonnes of CO2
annually and is responsible for about 2.5% of global
greenhouse gas emissions. These emissions are
predicted to increase utp 250% by 2050 in absence of
installation of newer energy saving technologies.