EU to launch proposal for controversial scrapping fund

There is still life in the EU's plan to charge carriers calling in European ports a tariff that will be used to secure responsible shipbreaking. The plan will soon be presented as concrete proposals, but carriers oppose the move and fear a bias.

Even though a few years have passed and the fact that there is now a completely new EU Parliament filled with completely different politicians than three years ago, the notion of a centralized fund to partially finance responsible scrapping of end-of-life vessels remains alive.

The idea of establishing a shipbreaking fund to which all ships calling in European ports pay a tariff, with the money being used to partially finance part of the added cost of scrapping vessels at approved facilities, was originally proposed by Swede Carl Schlyter back in 2012. But the plan was somewhat dramatically, and with just a small majority, rejected by the European Parliament in 2013, much to the relief of shipowners.

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