ship- recycling

Ship recycling in Bangladesh to enter third phase of key project

The third phase of an IMO-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh has been given the go-ahead, with Norway committing approximately US$1.5 million (14 million Norwegian Kroner) to support improved ship recycling in Bangladesh.

Watch: Cruise ship Monarch heading for scrapping

The video depicts the last moments of the famous cruise ship Monarch, which had once been among the first pioneering Sovereign class ships, introduced by Royal Caribbean International nearly 30 years ago.

Ship recycling company to acquire Kleven Verft

With Kleven Verft filed for bankruptcy earlier this month, the Norwegian ship recycling company Green Yard, reached an agreement with the bankruptcy authorities, banks, and creditors to acquire Kleven.

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