Pension fund blacklists carrier after more ships are beached

Two more vessels from Nordic American tankers have ended up beached at a controversial scrapping yard, reports Dagens Næringsliv. A pension fund is now excluding the carrier as a potential investment.

Photo: Nordic American Tankers

Another two vessels previously owned by Nordic American Tankers have wounded up on Chittagong beach in Bangladesh, where shipbreaking is carried out via the notorious beaching method, reports Norwegian business daily Dagens Næringsliv.

Last year, the media revealed that eight of the shipping company's former vessels were scrapped on beaches like Chittagong, which use questionable environmental and safety practices in shipbreaking.

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