Monday 3 April 2017

The Shame of Germany's Ship Owners

Article from Handelsblatt Global:

The Shame of Germany's Ship Owners

"No country is more irresponsible when it comes to disposing of its ships than Germany. Even the United Nations is protesting about it."

A snippet:

The list names and shames companies that have their end-of-life ships broken up on beaches in Bangladesh, India and Pakistan. The German ship owners were responsible for the “worst shipbreaking practices amongst all shipping nations,” according to Shipbreaking Platform.
Until now, this has been a taboo topic in Hamburg shipping offices, and for good reason. South Asian beaching yards are notorious for eschewing environmental and safety standards and abusing worker rights. Oil and toxic chemicals seep into the sea. Laborers are exposed to asbestos. Many die in accidents.

Rickmers is mentioned, which manages and majority owns Rickmers Maritime, a business trust listed on the SGX.

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