INDIA SET TO ENDORSE TWO IMO CONVENTIONS
The Indian shipping industry is all set to endorse two more IMO conventions, with the Union shipping ministry getting Cabinet nod to ratify both conventions. They will be adopted after a Bill amending the Merchant Shipping Act is approved by Parliament. One of the conventions is the anti-fouling systems convention, which came into force on September 17, 2008, and prohibits the use of harmful paints on ships. The second is the maritime labor convention of 2006, assuring a better work environment for seafarers, mooted by the International Labor Organization. For the Indian shipping industry which has been in the red due to poor freight rates and rising fuel costs, meeting the IMO standards could prove to be another challenge.