Two new ship recycling projects planned for Brazil and Egypt look likely to boost scrapping capacity in the coming years.
Demolition company MARS Europe, a subsidiary of US-owned Modern American Recycling Services (MARS), has signed a memorandum of understanding to explore the feasibility of setting up a cutting-edge shipyard in Porto Central, Brazil.
“This collaborative agreement aims to conduct in-depth research to assess the viability and potential benefits of such a project in the region, highlighting a commitment to sustainable practices and economic development,” MARS said.
