Tag: ship- recycling

While the Hong Kong Convention has been a big step towards sustainable ship recycling, the EU regulation has slowed its adoption; a concern that should be dealt with the utmost urgency by all stakeholders, said ship buyer GMS.

The Sustainable Shipping Initiative (SSI) published the report "Exploring shipping’s transition to a circular industry", discussing the potential of circular economy principles for shipping.

Pakistani authorities have suspended dismantling operations of the Floating Storage and Offloading (FSO) tanker J. NAT in Gadani, over concerns of mercury-contaminated oil sludge onboard which injured several shibreaking workers. 

The Ship Recycling Transparency Initiative published an annual progress report, compiling disclosure information from twelve shipowners sharing their ship recycling policies and practices.

Japanese shipping company NYK Line has become the 12th shipowner in the world to publicly disclose its approach to ship recycling, after joining the Ship Recycling Transparency Initiative (SRTI).

The EU rules on ship recycling aim to make the process greener and safer. However, there are a lot of cases where the regulations are not followed by the book.

Global warming, pollution and deforestation are some of the problems routinely discussed since they pose a major threat to nature. Every year, 22 April is observed as Earth Day across the globe and people and major stakeholders take part in civic activities and work towards raising awareness about critical issues that the Earth is facing.

A total of 155 ships were sold to South Asian shipbreaking beaches in the first quarter of 2021, where a total of nine workers lost their lives, latest figures by NGO Shipbreaking Platform reveal. 

Ships reach their ‘end-of-life’ when their second hand sale value for further trading drops below their recycling value. This can happen for many reasons, such as ship’s condition deterioration, but the ship recycling procees must take place with caution. However, this does not always happen, with such cases providing lessons learned. One such case is the Eide carrier. 

Shipbreaking activity in India has come to a halt in the last few days, as all the industrial oxygen, which fed gas torches, has been diverted to the COVID-19 fight.