EEC Middle East Holdings and Capital Investments announce joint venture for transformational changes in ship recycling EEC Middle East Holdings LTD and Capital Investments LLC have announced a strategic Joint Venture (JV) focused on the shipping and steel sectors.
Published: 05-10-2023

The combined entity, named "EEC Middle East Shipping, Ship Management and Operations LLC", represents a significant milestone in EEC’s commitment to innovation and growth in vessel ownership, ship recycling, shipyard management and supply chain logistics.


The JV leverages the strengths of both entities to achieve the following goals:

  1.     Expand Market Reach: Combining market expertise with global presence, the JV targets new regions and customer segments for growth.
  2.     Enhance Services: Transforming ship recycling, the JV will meet clients' evolving ESG needs with a strategic supply chain at market-linked prices.
  3.     Streamline Operations: Sharing resources and best practices, the JV will streamline operations, enhance efficiency and reduce costs to benefit stakeholders and the environment.
  4.     Invest in R&D: Committed to innovation and COP28, the JV will invest in sustainable ship recycling R&D.


Capt. Uday Yellapurkar, the designated Chairman of the Board of Directors and CEO of the JV Company commented, "This JV aims to transform ship recycling and add much needed capacity for responsible green recycling in compliance with the highest ship recycling standards and away from the coastal sea beaches”.


Abubaker Al Khoori, CEO of Capital Investments, reaffirmed his strong belief in the business concept stating, "This JV is in line with UAE's COP28 initiative, and we are enthusiastic about the potential benefits for clients, employees, and stakeholders”.



For more information about EEC Middle East Shipping, Ship Management and Operations LLC and its initiatives, please contact: Satyajit Roy at +971504818641 or


The Abu Dhabi based EEC Middle East Holdings LLC  is a sister concern of the Netherland based Elegant Exit Company BV. The promoters have rich experience in ship ownership and various successful maritime startup projects. The group is now dedicated to driving innovation and creating value in ship recycling for selected customers.


Capital Investments LLC is a part of Abu Dhabi Capital Group, one of the leading private institutional investment groups in MENA.