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More than 80% of box and bulk ships to fall in lowest CII ratings

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According to this consultant, many ships will need to be recycled as a result of the International Maritime Organization (IMO)’s new carbon intensity indicator (CII) rule.

And there isn’t enough recycling capacity to handle them all. Far East recyclers have the most capacity, as we know. But these yards are not certified to recycle EU ships, that must be recycled at a yard following the Waste Shipment Regulation of the EU. There are only six such yards in the EU; Turkey, an OECD state may also be used.

Recycling ships has been fraught with problems for years, mostly of the social kind; but now yards will be held accountable environmentally also.

It’s a good thing for the long run, but planning is essential if you are wanting to recycle a ship.

Paul Bartlett | Jan 25, 2023

More than 80% of box and bulk ships to fall in lowest CII ratings

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