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...]
IMO Ship Recycling Convention Gets Boost from Panama
The International Maritime Organization's effort to implement new international regulations intended to the promote safe and environmentally sound ship recycling received a major boost this week with ratification by the world's largest largest flag state. On Monday Panama became the fifth IMO Member State to accede to the IMO's Hong Kong International … [Read more...]
10-Year-Old Panamax Becomes Youngest Containership Ever Sold for Scrap
By Mike Wackett (The Loadstar) - The 4,546 teu 2006-built Viktoria Wulff (ex MSC Firenze) has become the youngest containership to be sold for scrap as panamax owners cut their losses and abandon employment hopes in a hopelessly depressed market. Previously the record for the youngest boxship sold for recycling stood at 13 years old. The 10-year-old Viktoria Wulff, … [Read more...]
‘Naming and Shaming’ Undermines Progress Made on Ship Beaching, Largest Cash Buyer Says
The world's largest cash buyer of ships for recycling is calling on the shipping industry to support the recycling businesses that are striving to improve their ship breaking facilities and practices in developing regions, and to not lambast those yards that are making progress. Dr Anil Sharma, President and CEO of GMS, the world’s largest cash buyer … [Read more...]