EU Ship Recycling Regulations Under Review: Potential Changes and Impact on Asian Yards The European Commission’s review of its Ship Recycling Regulations (EUSRR) is nearing completion, with results expected in the second quarter of 2024. This review holds significant implications for the future of shipbreaking practices, particularly concerning the potential [...]
International Shipbreaking LLC Earns EU Approval, Paving the Way for Responsible Ship Recycling International Shipbreaking LLC (ISL), a company based in Brownsville, Texas, has successfully completed the European Union Commission vetting process, securing its position as an “approved” ship recycling facility until 2028. This achievement underscores ISL’s commitment to safety, [...]
The ship recycling market has maintained a passive tempo The current market exhibits a notable lack of activity and a dearth of optimism regarding any potential alterations in its prevailing pattern. Contrary to expectations, the Indian market experienced a rather unexpected outcome following the Diwali festivities, as opposed to the [...]
Navigating the Seas of Regulation: The EU Ship Recycling Dilemma In the heart of Brussels, on September 19-20, 2023, the European Shipping Summit brought together industry leaders under the joint organization of the Royal Belgian Shipowners’ Association (RBSA) and BIMCO. A pivotal discussion emerged, centering on the impending entry into [...]
EU Takes Bold Step: Landmark Agreement to Control Global Waste Exports The European Parliament and the Council have recently come to a significant agreement, on November 16, introducing comprehensive rules aimed at exerting stronger controls over waste exports and preventing the export of waste to countries ill-equipped to manage such [...]
The European Commission has made an important decision regarding ship recycling facilities. They have just adopted the 11th edition of the European List of these facilities. This updated list now includes three new yards located in Türkiye. Additionally, the Commission has extended the inclusion of two yards in Denmark and [...]
The ship recycling industry plays a crucial role in the maritime sector, but it has long been associated with environmental and social challenges. In response to these concerns, the European Union (EU) has taken significant steps to promote sustainable ship recycling practices. By implementing stringent regulations and offering financial support, [...]
The EU Ship Recycling Regulation (SRR) has been in force since December 2013 and aims to prevent accidents, injuries, and negative environmental effects related to the recycling of ships flying the flag of European Union countries. However, there are concerns about the current shortcomings of the regulation and the lack [...]
