The EU Regulation on Ship Recycling (1257/2013) – which, with respect to new vessels, will enter into full effect on 31 December 2018 – obliges EU-flagged vessels to conduct dismantling operations in European Commission-approved ship-recycling faciliti…
Future of ship recycling in the European Union Read More »
It’s been another week of lacklustre demolition activity, which doesn’t bode well for the future rebalancing of the shipping markets, despite the strides forward taken during 2018. Should world trade growth slowdown even further next year, …
“Wait-and-See” Approach Dominates Ships’ Demolition Activity Read More »
While the global IMO Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships is probably years away from becoming effective, the EU Ship Recycling Regulation (SRR) has so far* only approved recycling yards within th…
Shipowners challenged as recycling is caught in transition Read More »
Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2050. To achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new innovation…
Maersk sets net zero CO2 emission target by 2050 Read More »
Newbuilding contracting was once again far from brisk over the course of the past week, following the trend set recently. In its latest weekly report, shipbroker Allied Shipbroking said that “limited newbuilding activity this past week for the dr…
Newbuilding Orders Still Scarce As 2019 Edges Closer Read More »