Elegant Exit Company buys Wan Hai veteran for green recycling. Published on February 18, 2023. 
Published: 18-02-2023


Netherlands-based Elegant Exit Company (EEC) has acquired the Wan Hai 165, a containership built in 1998, from Taiwanese shipping company Wan Hai Lines.

The vessel was put up for demolition sale as part of a wider bidding process Wan Hai launched at the end of last year covering ten end-of-life containerships. Demolition buyers were invited to submit their bids for each respective vessel at ten green recycling yards that hold a valid statement of compliance with the Hong Kong Convention for the Safe and Environmentally-Sound Recycling of Ships, 2009 (HKC).

This acquisition is part of EEC’s commitment to sustainable and responsible ship recycling practices. Namely, the company has embarked on a mission to ‘revolutionize’ the ship recycling industry by introducing cutting-edge finance and industrial processes. EEC has partnered up with ship recycling facilities that are in compliance with the most stringent ship recycling standard.


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