NewsVessel scrapping spree on the cards after EU recycling rule change

November 21, 2023by 0

Older ships are no longer being categorised as ‘waste’ for the purpose of EU law, meaning European-flagged ships can now legally be scrapped outside the EU.
Almost all vessels are scrapped in India, Pakistan or Bangladesh, but Turkey has been the only eligible scrapping destination for European shipowners, though it has few scrapyards and dry-docks sufficient to accommodate larger vessels.
Ships sold for scrap had been classified as “waste”, which prevented owners …

The post Vessel scrapping spree on the cards after EU recycling rule change appeared first on The Loadstar.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Company

Reinventing Supply Chain. One Control Tower at a Time.
/wp-content/uploads/2021/02/logo-1.png

Talk to Us

+52 55 9454 4097

+502 2315 4251

+1 33 2275 7104

talktous@mtmlogix.com

MTM Logix, 2022 © All Rights Reserved

Generated by Feedzy