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GMS: Ship recycling nations show mixed performance

Summary by SAFETY4SEA

According to GMS’ latest weekly ship-recycling report, the week saw a series of significant sanctions from President Biden targeting China’s COSCO and Russia, alongside growing economic volatility impacting global ship recycling markets. This week marked President Biden’s sanctions against China’s national shipping arm COSCO, citing the company’s ties to the Chinese military and blacklisting its energy/tanker division. The octogenarian President…

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GMS: Ship recycling nations show mixed performance

According to GMS’ latest weekly ship-recycling report, the week saw a series of significant sanctions from President Biden targeting China’s COSCO and Russia, alongside growing economic volatility impacting global ship recycling markets. This week marked President Biden’s sanctions against China’s national shipping arm COSCO, citing the company’s ties to the Chinese military and blacklisting its energy/tanker division. The octogenarian President…

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SAFETY4SEA broke the news in 1 month ago on Monday, January 13, 2025.

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