New final destinations for ships are opening up with both Egypt and Brazil looking to get into the ship recycling sector.
Egypt’s transport ministry has signed a memorandum of understanding with El Wehda Industrial Company to develop a shipbreaking yard at Damietta Port as part of the government’s bid to be less reliant on imported scrap metal.
The Egyptian site will cover some 155,000 sq m and will be capable of handling ships of up to 230 m in length. Other Egyptian ship recycling sites are also being discussed.
Meanwhile, last month in Brazil a memorandum of understanding was signed between local authorities and Modern American Recycling Services to explore the feasibility of establishing a ship recycling and decommissioning yard in Porto Central.