Since
India has less than 1 percent of the global shipping fleet, starting an Indian
P&I Club would need a lot of backing from international markets, including
support from both ship owners and reinsurers. As Indian-flagged ships make up
just 0.8% of the global fleet, starting a domestic Protection & Indemnity
Club seems a bit unrealistic. So, the Ministry of Ports, Shipping &
Waterways is changing the plan to concentrate on coastal shipping instead and
also offering fixed premiums and affordable options for coastal operators could
help lower their operating costs. The government is also working on creating
green coastal corridors to help smoothly transition to eco-friendly shipping
and ports.

