Norway welcomes new green ship recycling destination

Norwegian green ship recycling special list Green Yard Group has entered into an agreement with financially troubled shipbuilder Kleven Verft on a solution to takeover the shipyard.

Kleven Verft filed for bankruptcy last week after a refinancing plan fell through.

Green Yard Group plans to add ship recycling operations to the shipyard’s existing shipbuilding operations.

The move comes at a time where shipowners looking for Hong Kong-compliant yards to recycle their ships in Turkey and South Asia are struggling to find available slots.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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