The New Energies Coalition, as part of one of its working group dedicated to shipping, is proud to reveal an insightful paper on the vessel dismantling opportunities.
The World’s shipping fleet is aging and will reach 23 years old by the end of 2024. Half of the ships currently in service will need to be replaced within the next 15 years.
The vessel dismantling market capacity should be multiplied by 2,5 globally and by 4 in Europe to meet the fleet rotation needs. Additionally, Europe is expected to become a net importer of scrap metal by 2030.
The New Energies Coalition analyzed the interdependence of the two markets : vessel dismantling & steel.
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