Transformative step for ship recycling

A landmark EU agreement is set to shift the playing field in the shipbreaking market by paving the way for non-OECD yards to gain compliance with the EU's ship recycling regulation.

And that would unleash much-needed yard capacity for scrapping of larger vessels to cope with a massive wave of ships due to be recycled over the coming decade to make way for new, green tonnage as the global fleet is renewed in line with decarbonisation.

If ratified as expected by year-end, this would be an important game-changer by incentivising more yards to upgrade their facilities for safe, responsible and sustainable recycling across the globe.

#shiprecycling #sustainability #greenshipping #wastemanagement
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