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Sanctions Ship Recycling Regulation

Demand for shadow fleet scrapping is growing but regulators are not moving

  • At least 20 sanctioned ships have been sold and scrapped in Alang over the past year
  • Demand is growing for more deals to scrap sanctioned ships
  • US Treasury so far unwilling to consider licences, but local currency work-arounds are allowing deals to go ahead

  • Analysis

Indian breaking yards in Alang are discreetly avoiding US sanctions and servicing a growing demand for shadow fleet removals via local currency transactions

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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