Egypt and Brazil look to enter the ship recycling sector
Jun, 03, 2024 Posted by Gabriel MalheirosWeek 202423
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.
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