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Guilty until proven innocent is how the European Union views ship-scrapping yards in the Indian subcontinent, claims GMS chief executive Anil Sharma.
“Absolutely” is his response when asked whether Brussels is prejudiced towards subcontinent scrapping.
Individual states in Europe are charged with monitoring their own yards for inclusion on Brussels’ list of approved facilities for scrapping
European-flag tonnage. They are then included if they meet the EU regulation.
An outspoken critic of the European Regulation on Ship Recycling (SRR) has raised concerns over competition among recyclers in their bid to be included on the European Union list of approved facilities.
It comes as no surprise that the biggest cash buyer in ship recycling disputes the claim made by critics that shipbreaking is the world’s most dangerous job.
GMS founder and chief executive Anil Sharma has been in the business since the early 1990s, when he bought vessels from the US Maritime Administration on behalf of Indian recyclers.
Bangladesh market af????icted with ????nancial dif????culties, lower availability of US
dollars and problems with letters of credit, says Clarksons, as cash buyer GMS
reports that Pakistan yards will reopen for tanker demolition after ban is lifted
After a ban on dismantling tanker ships, Pakistan has reopened the yards last
week, possibly attracting a number of vessels for scrapping and supporting
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