The launch of a new corporate ship recycling policy by Eastern Pacific Shipping (EPS) has had a troubled start following the enforcement of a lockdown in India.
The Singapore-based company sold the 290,000-dwt Shagang Giant (built 1993) to the Shree Ram ship breaking yard in India in what Eastern Pacific heralded as the start of a new policy based on its environmental, social and governance (ESG) guidelines.
