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Banks still blocked from lending against ships as India’s maritime ambitions stall
Business
Published on 24 April 2026
New law changed the rules, but banks can’t act yet
India’s updated shipping law has replaced the decades old 1958 framework, but banks remain unable to treat vessels as collateral. The gap is keeping credit from reaching shipowners and slowing financing that could modernize fleets and strengthen ports. The big question: can lending rules catch up with policy so India can truly position itself as a maritime hub?
- Shipping law update still leaves banks unable to use ships as collateral
- Lack of collateral access can curb financing for vessel owners
- Credit bottlenecks may slow fleet modernization and maritime capacity
- Maritime hub ambitions depend on aligning lending rules with new law
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times