We are EEC: Innovative game-changers introducing financial and industrial process innovation to the present ship recycling scene.
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How does our process work?
Elegant Exit Company leads the way in ship recycling innovation, committed to advancing both financial strategies and industrial processes. We're dedicated to bolstering sustainability and efficiency by acquiring a fleet of vessels well in advance, which will be lined up for recycling purposes. Our plan involves owning and operating these vessels until their planned recycling date. We're adopting a sale and leaseback structure to ensure that residual value and end-of-lease align with our recycling objectives.
Our recycling process is meticulously designed for peak efficiency and environmental compliance. We're fully committed to meeting stringent regulations, such as the EU SRR, and we prioritize the well-being of our partners and workers. To realize these aspirations, we're implementing streamlined production processes from Ship to Green Steel, focusing on yard logistics and transforming vessels into new steel.
We purchase aging ships to recover their high-grade steel content. By utilizing our unique approach, we maintain the steel's quality throughout the recycling process. Unlike traditional practices, ship owners don't pay us for recycling. Instead, we generate revenue by selling the raw materials.
Our innovative methodology for ship recycling presents an ecologically sustainable, socially conscious, and economically feasible choice for the industry. What sets us apart is our unwavering dedication to sustainability and compliance, along with our commitment to the safety and well-being of our workforce.
Learn about the numbers
World fleet consists of approx. 100,000 ships> 500 GT (UNCTAD stat)
World fleet Grown by 220% in the period 2004-2013, mainly series-built in China, Korea and Japan
It is expected that this new build wave from 2004 - 2013 will be demolished from 2023 onwards.
Currently, 80% of ships are still scrapped on the beaches in SEAsia.
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...