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Norway's wealth fund will now look at Alang

The Norwegian sovereign wealth fund's Council on Ethics will now look into companies that scrap ships in Alang. The fund owns shares for close to USD 275 million in Maersk, which uses shipbreakers in India. Last year the fund blacklisted four shipping companies for beaching.
Maersk has so far scrapped seven ships in Alang. The first, Maersk Wyoming, arrived in June 2016. | Photo: PR-foto/Maersk
Maersk has so far scrapped seven ships in Alang. The first, Maersk Wyoming, arrived in June 2016. | Photo: PR-foto/Maersk
by NIKLAS KRIGSLUND

Norway's sovereign wealth fund, which last year blacklisted four shipping companies for beaching, will now start looking to the beaching yards in Alang.

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