An innovative game-changing initiative introducing finance innovation and industrial process innovation to the present ship recycling scene.
To be able to make our ship recycling more industrial and innovative we will need a secured and well-planned fleet of vessels committed to recycling well in advance, for which we will buy these vessels (own) and operate them for as long as required towards the planned recycling date.
Additionally, we will introduce a sale and lease back construction with the residual value and end of lease aligned with the planned recycling date. To fill in possible production gaps we will also buy some vessels for prompt recycling.
Learn about the numbers
Ships
World fleet consists of approx. 100,000 ships> 500 GT (UNCTAD stat)
Growth
World fleet Grown by 220% in the period 2004-2013, mainly series-built in China, Korea and Japan
Onwards
It is expected that this new build wave from 2004 - 2013 will be demolished from 2023 onwards.
Scrapped
Currently, 80% of ships are still scrapped on the beaches in SEAsia.
Year
Recycled ships
Tonnage recycled (NGO)
Tonnage recycled (UNCTAT)
And as a single leaf turns not yellow but with the silent knowledge of the whole tree...
And not a single senior ship engages in unscrupulous activity without the silent knowledge of our entire industry we love and feeds us all...
Check our latest news
