European shipowners easily circumvent EU scrappage rules

Greek shipowners accounted for nearly one in 10 large ships sold for scrap worldwide in 2020, and nearly all of them ended being sent to south Asia instead of EU-approved breakers yards, a survey published on Tuesday shows.

by Robert Hodgson
Some 630 ships or floating units were sold for scrap last year (picture: RIZWAN TABASSUM/AFP via Getty Images)
Some 630 ships or floating units were sold for scrap last year (picture: RIZWAN TABASSUM/AFP via Getty Images)

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