SIMIC

EU regulations will soon ban the export of scrap and waste material for recycling to poorer countries willing to buy and force the business into richer eco-friendly countries, reports Fort Lauderdale's Maritime Executive.

The new legislation also bans the export of plastic waste from the EU to non-OCED countries unless they meet strict environmental standards.



While banning cheaper recycling options, EU-flagged ships will be expected to dispose of hulks in a way that meet emerging environmental regulations.



Danish Shipping is pleased with the new agreement and expects it will raise the standards at ship recycling facilities around the world.



It is understood that bigger players, like the European shipping giants, welcome regulators shrinking recycling options, thus increasing regulatory compliance costs, forcing smaller rivals out of business and absorbing their market share.



Only a small number of organisations can meet the safety and environmental protection challenges in the industry.



According to Danish Shipping, the agreement reached within the EU will provide the opportunity for responsible recycling outside the richer EU and OECD trading blocs.



There are also new provisions for tracking waste and stronger enforcement along with efforts aimed at cooperation in fighting waste trafficking.



Other waste suitable for recycling will be exported from the EU to non-OECD countries when they indicate that they can deal with it "sustainably".



The European Parliament and the Council have to formally adopt the regulation in line with the political agreement. The agreement is expected to be formally approved before the end of the year.