Tag: ship- recycling

Draft amendments to update Bangladesh’s ship recycling and hazardous waste management legislation have been developed through the IMO’s SENSREC project, with the aim of aligning the industry with international environmental and safety standards, IMO informed.

According to GMS’ latest report, freight rates uptick and tonnage scarcity have slowed global ship recycling, with markets facing volatility.

The European Commission published the results of the EU Ship Recycling Regulation evaluation which has largely achieved its objectives.

According to GMS’ latest report, despite a strong start to 2025, the outlook for the first seven weeks of the year has been gloomy.

DNV has issued guidance on how shipowners can navigate the complexities of sustainable ship recycling under various regulations. 

According to GMS’ latest report, falling vessel prices, rising tariffs, and a surge in aging tonnage are reshaping the ship recycling market in February. 

According to GMS’ latest report, global ship recycling markets are facing pressure from low supply, fluctuating tariffs, economic instability, and declining vessel offers, with India and Bangladesh continuing to dominate. 

The NGO Shipbreaking Platform revealed that 80% of the global tonnage scrapped last year was broken under substandard conditions.

In its latest quarterly report, NGO Shipbreaking Platform informs about the shipbreaking industry in Bangladesh, India and Pakistan, providing an overview of the hazardous materials released during shipbreaking and their impact on human life, communities and the environment. 

According to GMS’ latest report, policies and tariffs create uncertainty with declining freight rates and increasing recycling activity.