Why EU scrapping rules became a compromise

Major financial interests in poor Asian countries were in play when negotiators from EU countries on Thursday agreed on a comlicated proposal on ship scrapping.
Photo: IMO
Photo: IMO

Considerations regarding the significant financial interests involved in ship scrapping on primitive beaches in several Asian countries, and the fear among shipowners in several European countries that extensive EU regulation and a direct ban of beaching could destroy the efforts to ensure a global scrapping agreement (the Hong Kong convention) triggered the compromise that negotiators from the EU countries agreed on yesterday, Thursday.

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