BIMCO Raises Alarm Over Conflicting Ship Recycling Regulations Ahead of the Marine Environment Protection Committee (MEPC) meeting, the International Maritime Organization (IMO) grapples with a pressing issue highlighted in a collaborative paper submitted by BIMCO and several prominent maritime nations. This paper underscores the looming clashes between the Hong Kong [...]
Challenges and Incidents in the Shipbreaking Industry of South Asia The shipbreaking industry, a vital part of the global maritime trade, often operates under the radar, obscured by a lack of transparency and inadequate reporting mechanisms. This article sheds light on the precarious conditions faced by workers in Bangladesh, India, [...]
Navigating the Future: Transforming Ship Recycling in Turkey In a recent report titled “Ship Recycling in Turkey: Challenges and Future Direction,” the NGO Shipbreaking Platform sheds light on the current hurdles faced by the ship recycling sector in Aliağa, Turkey. The report not only identifies the challenges but also outlines [...]
The central government has been continuously recommending ship recyclers to adopt international standards for ship recycling, but as the government itself is adopting double standards, government ships, Indian ship owner’s fleet, ships sent for scrapping to Indian ship recyclers have no rules on green ship recycling in India. Instead of [...]
GMS (www.gmsinc.net), the world’s leading cash buyer of ships added that “markets have been on an upward trajectory over the last couple of weeks as tonnage continues to remain at bare minimums, especially over the traditionally quieter summer / monsoon months and charter rates remain at acceptable enough levels for [...]
