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Oil fund's watchdog inquires into Maersk's Alang beaching

Norway's sovereign wealth fund has contacted Maersk as part of its critical zoom-in on beaching in Alang, Maersk confirms to ShippingWatch. The fund has previously blacklisted four shipping companies due to their scrapping activities in South Asia.

Photo: PR / Maersk

Maersk has been in talks the Norwegian sovereign wealth fund's watchdog to answer questions about its scrapping of old container vessels in Indian coastal region Alang.

During the spring, the fund's Council on Ethics announced it would review the fund's investments to examine companies scrapping vessels at the much-criticized beaching yards in India.

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