The National Shipping Board is the highest Advisory Body on matters related to Indian Shipping including the development there of and on such other matters arising out of the Merchant Shipping Act as the Central Government may refer to it for advice. The establishment of such a Body was recommended by the Reconstruction Policy Sub-Committee as early as 1947. The Ship owners too had urged the formation of such a Body. Accordingly in 1958 when the Merchant Shipping Law was revised and consolidated, the opportunity was taken to provide for the formation of a Permanent statutory body called the National Shipping Board. The National Shipping Board was established on 1st March, 1959.