
India Backs FoC Regulation After MSC ELSA 3 Capsizing
On May 25, the MSC ELSA 3 capsized off Kerala’s coast, highlighting India’s reliance on Flags of Convenience (FoC) vessels. With over 97% of trade depending on these ships, the incident reveals significant vulnerabilities due to lax oversight, complicating accountability as India aims for a stronger maritime presence amid rising geopolitical risks.