ShippingWatch

Shippers and banks must put pressure on carriers to scrap ships more responsibly

The promotion of more environmentally friendly shipbreaking should come from large shippers and banks, as many shipowners ”don’t necessarily want to worry” about that side of their business, says Grieg Green’s new CEO to ShippingWatch.

”You get a bit less for selling ships to a good scrapping dock than to a bad one in Bangladesh, but not much less – maybe five percent. But someone has to be willing to pay that, or it won’t pay off for docks to invest in good facilities,” says Pia Meling, CEO, Grieg Green. | Photo: Pia Meling

As container carriers have seen massive income for the last two years thanks to a boom in consumption and sky-high rates, all ships have been put to use, and a significant part of the world’s box fleet have now reached a scrap-ready age.

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