ShippingWatch

NGO disagrees strongly with Asian shipowners

It's all about profits when shipowners choose to scrap their obsolete ships on the beaches, says NGO Shipbreaking Platform to ShippingWatch.

When shipowners have their ships scrapped on the beaches in Asia, they're doing it for one single reason: profits, says the Brussels-based NGO Shipbreaking Platform in response to a statement by the Secretary General of the Asian shipowners, Yuichi Sonoda, on Tuesday.

In an interview with ShippingWatch, he proclaimed that the shipping industry depends on beaching. Partly because, according to him, there aren't enough scrapping facilities available, and second, because many shipowners simply can't afford having their ships scrapped under decent conditions in China.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Less congestion makes dry bulk rates decline

Port congestion has eased, leading to a decrease in dry bulk rates. According to Clarksons, the development is not least due to low industrial production in China following Covid lockdowns.

MPA appoints new CEO

Quah Ley Hoon steps down as CEO of Maritime and Port Authority of Singapore at the beginning of September after around three and a half years on the post.

Further reading

Related articles

Latest news

See all jobs