Regulators Invited to Witness Ship Breaking in India
Global Marketing Systems, Inc (GMS) has challenged the European Commission’s intention to ban ship recycling by beaching, by inviting the commission and a major representative group of top level shipping industry stakeholders to India to witness the recycling process first hand at one of the country’s best yards. Addressing an industry conference in London, Dr. Nikos Mikelis, nonexecutive director of GMS, said ship recycling yards were improving in Southeast Asia, and the best way to see this was to visit the yards in person.
GMS Applauds Hapag-Lloyd's Recycling Move
Global Marketing Systems, Inc (GMS) has welcomed the announcement that German owner, Hapag-Lloyd, will no longer sell vessels to recycling yards that do not comply with strict environmental regulations and guidelines. Dr. Dr. Sharma advises caution, however, in managing what is effectively a whole new way for the industry to do business. “At this early stage, shipowners must target their custom towards recycling yards in all areas of the world, including India, China and Turkey.
Exxon Valdez to Be Junked Years After Worst Spill
The Exxon Valdez has been sold for scrap 23 years after causing the worst tanker spill in U.S. history, which led to new designs for oil carriers. Now called the Oriental Nicety, the vessel was sold for about $16 million, said Maryland-based Global Marketing Systems Inc., the world’s largest cash buyer of ships for demolition. Converted into an ore carrier in 2007, it changed owners and names four times since the 1989 accident, American Bureau of Shipping records show. The spill, which dumped 11 million gallons of oil into Alaska’s Prince William Sound, was the largest in U.S. waters until the 2010 accident at BP Plc.’s Macondo oil well in the Gulf of Mexico. It’s still the country’s largest leak from a tanker, and it led to the U.S. requirement for ships to have two hulls.
