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The European Commission has agreed to inspect Shree Ram Vessel Scrap in Alang, India, with a view to including it in its list of approved yards under Europe’s Ship Recycling Regulation (SRR).
The move is significant because it suggests the EC is ready to consider the most advanced Indian beaching yards as acceptable to scrap European-registered ships, having previously indicated such recyclers would be ruled out.
There are around 120 ship recycling yards that are currently operational, all using the beaching method of recycling and capable to handle all sizes and types of end-of-life vessels in Alang, India.
European Commissioner Karmenu Vella has ruled out delaying the end-of-year deadline which will prevent owners scrapping European Union flag ships in most of the Indian sub-continent.
Oil tanker owners are giving up.
A 19-month curtailment of OPEC cargoes, and environmental regulations that are proving uneconomical to comply with, have got owners purging the supertanker fleet at the fastest pace since the 1980s, according to Global Marketing Systems Inc., one of the world's top buyers of obsolete ships for scrap.
In five months from today, the European Union will be implementing regulations mandating that all the end-of-life EU-flagged vessels will have to be recycled in facilities that are included in the European list of approved ship recycling facilities.
The Maritime Executive
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