Creating circular economy clusters for sustainable ship recycling in Denmark
New market opportunities for European ship recycling yards and related companies
As more rules are introduced in this area, a further growth in high-end offerings in developed economies and an upgrade process to a mid-range level for some of the yards in South Asia are expected. As a general result, part of the industry is believed to move from Asia to Europe and thus create new market opportunities for European ship recycling yards and related companies (e.g. recycling companies, waste handling companies, scrap dealers) that can comply with the strengthened requirements. The European maritime industry would have the potential to benefit from this development and generate jobs and income, while at the same time raise safety standards and meet the increasingly complex sustainability requirements.
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The project reported in this book aims to explore the feasibility of advancing the circular economy around end-of-life (EOL) shipping assets and circular business models for the maritime industry in Denmark through the formation of localized ship recycling clusters and the development of the broader business ecosystem for ships and ship technology.