Tradewinds – Asia takes 70%

(Written by Nick Roumpis)

15 October 2014 - European shipowners keep sending their vessels for demolition to South Asia despite recently introduced anti-beaching regulations, NGO Shipbreaking Platform says in its quarterly report.

Out of 202 vessels scrapped during the third quarter of 2014, more than 70% ended up on the beaches of South Asia, with 39 of them owned by European owners.

According to the NGO’s latest figures, Greek owners sold 19 ships to South Asian breakers, representing more than 80% of all Greek ships broken globally this quarter.

The European Union (EU)’s first technical interpretation draft of its recycling regulation strongly suggests it will not permit ships registered in the region to be scrapped on beaches.

“Despite the new EU law, ships registered under the flags of Malta, Cyprus and Greece hit the beaches,” Shipbreaking Platform said.

It added that many ships change their flag status just weeks before being sent to the breakers’ yards.

Comoros, Saint Kitts and Navis and Tuvalu flags are the most popular for the end-of-life ships that head to South Asia.

During the third quarter, four workers died in shipbreaking yards, while so far this year 515 ships have been sent to South Asia for demolition.