The current market organisation for disposing of obsolete or damaged vessels does not favor improvements in both the situation of men and environment. Dismantling the ships in a responsible way would, under current market conditions, increase the price that the scrapper needs from the steel industry to levels, which will make ship scrap uncompetitive, or reduces the price a shipowner gets for his end of life ship. The latter will provide an incentive to avoid clean and safe shipbreaking. Thus the additional costs of clean and safe operations form the main bottleneck in its introduction. Scrapping and recycling of ocean going merchant vessels is internationally recognised to show a large potential for improvements in the environmental, health and safety practices and standards.
At Fichte & Co, we are able to assist you in the whole process, making sure that this will completed smoothly. For further assistance, please contact our ship recycling lawyers for professional legal advise on +971 (0)4 435 7577
At Fichte & Co, Managing Partner Jasamin Fichte leads a team that is ‘impeccable, in all areas.’ It handles an array of high-value claims for international clients and government entities.
The Legal 500