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...]
Tanker Scrappage To Hit Multi-Year High
by Jessica Jaganathan (Reuters) - The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations. The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after … [Read more...]
Photos: Shipbreaking on the Beaches of Alang
Reuters' photographer Amit Dave has published a series of photos taken just this week at a shipbreaking yard in Alang, India, where many of the world's ships continue to be sent at the end of their operational lives. While some yards in Alang have upgraded their facilities to comply with global shipbreaking standards set out in the Hong Kong Convention, the shipbreaking … [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...]
NGO Shipbreaking Platform: 152 Ships Broken Up on South Asia’s Beaches in First Quarter of 2018
Of the 206 ships dismantled worldwide up in in the first quarter of 2018, a total 152 ships ended up on beaches in South Asia, according to a quarterly report from the NGO Shipbreaking Platform. So far this year, 10 workers have lost their lives and 2 workers have been severely injured when breaking ships in Chittagong, Bangladesh, the organization said their report. At … [Read more...]