Pension fund PFA closely monitors EU's verdict on Maersk's beaching yard

Investor PFA awaits the decision on whether Maersk's preferred scrapping yard, Shree Ram in India, will be EU-approved this time. If the yard is rejected, the pension fund wants answers as to how long the liner company will hold on to the yard.

Maersk Wyoming is one of the ships Maersk has had scrapped at the Shree Ram yard in Alang, India. | Photo: PR/Maersk

Next time the European Commission publishes its list of EU-approved shipbreaking yards, Danish pension fund PFA will be listening intently.

PFA is a shareholder in container line Maersk, which cooperates closely with Shree Ram in Alang, India, a shipbreaking yard that uses the beaching method, by which ships are dismantled in the tidal zone.

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