India’s shipping ministry working on tweaking the “right of first refusal” formula for coastal & bulk cargo of state owned enterprises

Hellenic Shipping News. 27 July. 5 minute read.
India’s Shipping Ministry is considering a compromise formula to tweak the right of first refusal (ROFR) benefit given to local fleet owners for carrying coastal oil and bulk cargo. Protests from local fleet owners against a blanket withdrawal of the benefit have impelled the Ministry to take a relook at the ROFR.
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