The International Ship Recycling Association says there is currently ample recycling capacity to meet the expected scrapping demand from the January 1, 2019 entry into force of the EU Ship Recycling Regulation. According to the ISRA, an analysis of historical figures shows that the amount of end of life of EU flagged ships in the past eight years has declined to just … [Read more...]
NGO Shipbreaking Platform Slams Shipping Industry ‘Scaremongering’ to Undermine European Ship Recycling Regulation
The NGO Shipbreaking Platform is accusing the shipping industry of using 'scaremonger' tactics and 'fake news' in order to get South Asian shipbreaking yards included on a list of EU-approved ship recycling facilities. According to the NGO Shipbreaking Platform, which promotes against the use of South Asia's 'beaching' yards, the shipping industry is quick to lament that … [Read more...]
Shipping’s Financiers Turning the Tide On Controversial Shipbreaking Practices
By Jonathan Saul and Simon Jessop LONDON, May 15 (Reuters) - The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its financial backers. Norway's $1 trillion Oil Fund, a leader in … [Read more...]
European Shipowners: Open EU Ship Recycling List to Foreign Yards
European shipowners are calling for the European Commission to open its list of approved ship recycling facilities to non-EU countries as soon as possible in order to keep pace with global demand. According to the European Community Shipowners' Association, yards included as the list so far have capacity to handle less than 30% of the EU's own ship recycling target, … [Read more...]
European Ship Recycling List Published But Non-EU Yards Forced to Wait
The European Commission has published and adopted the first version of the long-awaited European List of accepted ship recycling facilities for exclusive access to EU-flag ships being sent for scrap. Unfortunately, yards located outside the European Union are going to have to wait a little longer. The first 18 shipyards included in the List are all located in the EU. All … [Read more...]