28 October 2010

WSM in Tradewinds China Ship Recycling Forum:

WSM participated in an expert discussion at the Tradewinds China Ship Recycling Forum 2010, Beijing on 28-29 September 2010.

In this forum, our Project Manager for Green Services, Mr Rakesh Bhargava gave a talk on “Can ship recycling ever really be green at a cost acceptable to shipping?" It was an interesting topic where we get a lot of feedback and comments from the floor especially during the panel discussion.

Below are amongst other topics focused in the conference:

  • Asian shipowners and what they look for when scrapping - top dollar or a green solution? Role of NGOs on China's recycling industry
  • Lessons from Bangladesh - real progress to improve standards or a pyrrhic victory
  • A mixed message for shipowners?  What is the policy position on recycling during the interim period, based on current dealings with regulators in Northern Europe?
  • Do China's recycling facilities represent the way forward for scrapping?  What is the capacity for scrapping in China and is it going to be enough?
  • What are the drivers for recycling in China?  What are the scrap and build incentives?
The conference was well attended by a good mix of ship owners, financiers, bankers and legal community.

Source: Wilhelmsen Ship Management. 28 October 2010

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