hong-kong-convention

Ship Recycling to Double to 16,000 Ships, BIMCO

Global ship recycling could double to 16,000 ships, totaling more than 700 million deadweight tonnes over the next 10 years, said Niels Rasmussen, chief shipping analyst at BIMCO. The Danish international shipping association for shipowners updated its estimate following the entry into force of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, or Hong Kong Convention. The 16,000-vessel estimate, up from 15,000 ships previously, is double ... [+]