SIMIC

THERE has been a notable improvement in the regulatory and compliance status of the ship recycling industry, reports Hellenic Shipping News Worldwide.

"As we head deeper into December and towards the festive holidays, market activity remains limited with few ships being made available for a recycling," said ship broker Clarkson Platou Hellas."Looking at the 'arrivals' list at the recycling destinations in the Indian sub-continent, it is evident tonnage is sparse by the lack of new arrivals. Price levels remain stable as per recent weeks for the time being from all recycling destinations," said Clarksons.



"Meantime, following on from last week's report where further green credentials were reported from certain areas in an effort to clean up the industry, there has been an announcement today where the United Arab Emirates (UAE) have introduced a strict ship recycling regulation with their intention to deliver more robust and extreme responsible ship recycling programmes to the ship recycling facilities in operation in the UAE."



"The UAE Ship Recycling Regulation (UAE SRR) appears to be on the outside, more severe than the EU SRR as it bans not only beaching, but also landing at an intertidal zone - the question is whether this will also apply to Turkey in addition to the Indian subcontinent, or will it apply purely to the few UAE recycling facilities," said the shipbroker.