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Ship Recycling: Will There Be a Rise in EU-Approved Rise in Yard Capacity?

December 5, 2023


A potential increase in EU-approved ship recycling capacity in India’s Alang region, could be a significant shift in the market next year. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the ‘possible positive’ report circulating this week was the EU considering once again to put some selected yards in Alang (India) on to the approved EU list of recycling facilities. This would be a huge step to help capacity for EU approved facilities as currently, we are heavily relying on Turkey to absorb the larger tonnage that comes for sale requiring EU approval.

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