India bans oil tankers, bulk carriers older than 25 years to cut GHG emission

India’s shipping regulator, Directorate General of Shipping (DGS) in a notification issued on February 24, 2023 has banned oil tankers and bulk carriers both registered in India and foreign flagged more than 25 years old from calling at ports to cut greenhouse gas (GHG) emission and reduce average age of fleet. The DGS order also bans acquisition of such vessels more than 20 years amending the current rules permitting such acquisitions without technical clearance from the regulator.