Post event summary:
This annual conference, which was held in London
The key focus for the conference was sustainable recycling and much of the discussion focused on the challenges of achieving this in the Indian sub-continent in particular, where working practices in breaking yards are generally poor. There was general agreement that standards in Turkish and Chinese yards have improved in terms of environmental and safety standards. Cash buyers continue to come under scrutiny, but there was general agreement that they have a part to play in the process. HFW's Partner, Stephen Drury, who presented at the conference on the possible legal pitfalls of selling vessels for recycling, was quoted by Lloyd's List as saying that although cash buyers suffer some justifiable prejudice, they "act as a recycler and ultimately turn useless scrap into a reusable material." To read the Lloyd's List coverage of the conference, please visit the specific site. (This is subscriber access only)
Source: Holman Fenwick Willan
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