Evergreen Marine Corp is threatening to take legal action against cash buyers found in breach of sales contracts, after a ship sold for demolition ended its life on a beach in Bangladesh rather than in a green facility as contracted.
"Evergreen reiterates that all buyers of its aged vessels should strictly comply with the memorandum of agreement which requires that only a 'green-ship recycling' shipyard, certified by the Hong Kong Convention, should be used for demolition," an Evergreen spokesman said on Friday in a statement to TradeWinds.
