April 24th, 20180Sources tell Splash there has finally been a breakthrough in Pakistan with authorities signing off and consenting to the lifting of the restrictions imposed for the importing of tankers into Pakistan for recycling.
Tanker scrapping had been barred in the south Asian nation for a long time following a spate of deadly...
March 19th, 20180Dutch reefer operator Seatrade has questioned a Rotterdam court’s decision to impose fines on the company for its ship recycling choices. Seatrade intimated in a release it will look at appealing the case at a court in The Hague.
Last week Seatrade was fined EUR75,000 ($60,945) and two executives of the company were banned from...
March 15th, 20183If owners can be rational for once then they can enjoy some good times in the coming couple of years. That was the message from one of the world’s most high profile shipping analysts on Tuesday in Singapore. Peter Sand, chief shipping analyst at global shipowning organisation BIMCO, opened this week’s Maritime CEO Forum with an...
March 8th, 20180A group of top shipowners have signed up to the Ship Recycling Transparency Initiative in a bid to crack down on environmentally irresponsible shipbreaking practices.
Backed by Forum for the Future, the Sustainable Shipping Initiative, the first owners to sign up to the new initiative are A.P. Moller Maersk, Hapag-Lloyd, Wallenius...
February 21st, 20184Four in five ships scrapped last year were on the beaches of the Indian Sub-Continent, a statistic one NGO has blasted as “shameful”.
According to new data released by the NGO Shipbreaking Platform, 835 large ocean-going commercial vessels were sold to scrap yards in 2017. 543 were broken down – by hand – on the tidal beaches...
February 14th, 20180Six officials working for Dutch reefer firm Seatrade will appear at a court in Rotterdam today, charged with sending old ships for recycling in unenvironmentally friendly sites in India and Turkey.
"The prosecution service alleges that the suspects planned to have the ships dismantled in India and Turkey in violation of European laws...
January 31st, 20180Following its acquisition last year of Middle Eastern line UASC, Germany's Hapag-Lloyd has moved to lower its average fleet age with the scrapping of seven 4,101 teu containerships.
The 1998-built A4 class containerships, previously part of the UASC fleet, will be recycled in Turkey and China in an...
January 25th, 20180Bangladesh is set for a major transformation of its ship recycling sector. Parliament has passed the Bangladesh Ship Recycling Bill, 2018, which has provisions for imprisonment and fines for violations.
Industries minister Amir Hossain Amu said a zone will be established in Chittagong for the ship-recycling industry where all yards will...
January 17th, 20180The vessel scrapping choices of four Asian shipping lines have incurred the wrath of the world’s largest sovereign wealth fund. Oslo-headquartered Norges Bank has announced that it has decided to exclude nine companies including four shipowners from the government’s pension fund.
According to Norges Bank, the four shipping companies...
January 12th, 20180Dr Kanu Priya Jain, coordinator for responsible ship recycling at GMS in Dubai, ponders when scrapping will be forced to clean up its act.
More than eight years after the IMO’s Hong Kong international convention for the safe and environmentally sound recycling of ships (HKC) was adopted, currently, the biggest question being asked...
