An innovative game-changing initiative introducing finance innovation and industrial process innovation to the present ship recycling scene.

Why

We want to change the self-evidently unhappy ship-recycling scene.

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How

We offer ships a green and socially responsible elegant alternative.

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What

With our innovative Own, Operate and Recycle exit.

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Our mission

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.

Some figures

Learn about the numbers

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Ships

World fleet consists of approx. 100,000 ships> 500 GT (UNCTAD stat)

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Growth

World fleet Grown by 220% in the period 2004-2013, mainly series-built in China, Korea and Japan

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Onwards

It is expected that this new build wave from 2004 - 2013 will be demolished from 2023 onwards.

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Scrapped

Currently, 80% of ships are still scrapped on the beaches in SEAsia.

Year

Recycled ships

Tonnage recycled (NGO)

Tonnage recycled (UNCTAT)

2014
1026
22,689,843
22,431,039
2015
769
20,369,280
23,339,989
2016
862
27,459,543
29,134,953
2017
835
20,698,103
22,915,519
2018
744
18,891,322
18,930,402
2019
674
13,514,458
12,217,675
2020
630
15,398,714
17,400,564

Check our video

Quotes

And as a single leaf turns not yellow but with the silent knowledge of the whole tree...

Khalil Gibran

And not a single senior ship engages in unscrupulous activity without the silent knowledge of our entire industry we love and feeds us all...

The Elegant Exit Company

Latest news

Check our latest news

IMG 3676

JOIN us on our Journey!

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Elegant Exit Company

We are proud to announce our sponsorship

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Images 1 (1)

A sitting with Ingvild Jenssen.

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“Join us on our journey: We will fix the bittersweet end by UP-cycling tired old ships in to New Green Steel!”