China’s New Ship Recycling Policy Can Have Negative Impact On Shipping Industry

Alang Gujarat Ship Breaking Yard 1

Referring to China’s new ship recycling policy whereby it is offering significant subsidies of about $250 per gross tonne for Chinese shipping companies that scrap vessels early and then place orders at Chinese shipyards for at least the same tonnage, ICS expressed concern that such incentives to artificially boost shipbuilding could have a negative impact on the speed with which the global supply/demand balance in shipping is restored.

SRI Concerns About Reports Of Reduced Resources For Search And Rescue In The Mediterranean

migrants rescued in lifeboat

Seafarers’ Rights International (SRI) has raised concerns about the implications for masters of the recent reports of the launch of the new EU Frontex operation ‘Triton’ which will apparently have a reduced budget and focus on border control in place of the Italian ‘Mare Nostrum’ that is credited with saving more than 150,000 migrants in the Mediterranean.