EEC scrapping ships for ‘green steel’

Dutch player Elegant Exit Company (EEC) has acquired Wan Hai 165 from Taiwanese shipping company Wan Hai Lines.

The vessel was built in 1998 and is undergoing a rigorous cleaning and hazardous waste removal process at the Arab Shipbuilding and Repair Yard Company in Bahrain. Here, it will be cut up into blocks of 25 tonnes for transportation to the secondary and tertiary cutting zones. This acquisition is part of EEC’s commitment to sustainable and responsible ship recycling practices.

Meanwhile, the EEC has also signed a memorandum of understanding with Spain’s Astander Shipyard to collaborate on ship recycling initiatives. Located at the Port of Santander, Astander is a shipyard with 130 years of expertise in the shipbuilding and ship repair industry. The collaboration will be based on the European Union Ship Recycling Regulation standards.

The Dutch company sees scrapped ships as a valuable resource, namely ‘green steel’, for the steelmaking industry.