Topic
ship recycling
Logistics BW LPG India sells another aged VLGC in $64m disposal run
BW LPG India has agreed to sell the 2007-built VLGC BW Birch for about $64m in net cash, adding to a disposal run at the 52%-owned subsidiary of BW LPG. The sale follows the $64m disposal of sistership BW Elm and precedes a $940m newbuild programme of eight panamax VLGCs at HD Hyundai Heavy Industries.
Logistics Seven Workers Dead in Toxic Gas Leak at Bangladesh Shipbreaking Yard
Seven workers died in a toxic gas leak at Ferdous Steel Ship Recycling Industries in Bhatiyari, Sitakunda, Bangladesh, according to Splash247. Two died at the yard and five at Chattogram Medical College Hospital. Bangladesh's Department of Inspection for Factories and Establishments is investigating the cause and the adequacy of safety measures at the Hong Kong Convention-authorised facility.
Logistics South Korea moves to build one of Asia's largest ship recycling hubs
South Korea's Elegant Exit Company, RM Company, and ISSAC Green Tech have signed an MoU for a large-scale ship dismantling hub, according to Splash247. Japan's NYK and Oono Development are targeting a 2028 recycling startup at Chita. The moves follow the Hong Kong Convention entering into force in June 2025 and South Korea's accession last December.
Regulations & Compliance Shipowners Urge Single Global Recycling Rulebook as Hong Kong Convention Transforms Standards
European and international shipowners have jointly published a study calling for a single global ship recycling rulebook based on the Hong Kong Convention. The study identifies three critical gaps between the EU Ship Recycling Regulation and the Convention, urging regulatory convergence to reduce fragmentation.