A variety of ship disposal techniques have been used in the maritime industry since the start. Some of these methods have been discontinued whereas some are still used in several parts of the world. Learn more about ten major ship disposal techniques.
IMO’s treaty for safe and environmentally sound ship recycling has received another boost. Japan has become the 10th country to become a Party to the Hong Kong Convention.
Companies within the ship recycling industry are known as cash buyers when they purchase a vessel with 100% cash. In turn, the cash buyer sells the vessel to a recycler in any one of the ship recycling countries.
Oldendorff Carriers has entered into an agreement with GSR Services and KR for the development and certification of Inventory of Hazardous Materials (IHM) for their fleet for meeting tight EU – deadlines.
Today we start the recycling of our faithful Star Gran at LEYAL Ship Recycling Group in Turkey. She is the first under the new EU recycling regulations.
Shashank Agrawal, vice-president legal of Wirana Shipping Corp, Singapore, looks at the problems facing cash buyers and ship recyclers and suggest ways of overcoming them with strong leadership and support from the new Indian government.
Turkey, one of the five major ship recycling countries in the world, has ratified the IMO Hong Kong Convention, the treaty for safe and environmentally sound ship recycling.
All vessels sailing under an EU flag will eventually be required to use an approved ship recycling facility, once the EU Ship Recycling Regulation effectively applies. This will be on 31 December 2018.
IMO-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh is set to begin in January, following a US$1.1 million funding agreement with Norway.