New final destinations for ships are emerging as both Egypt and Brazil aim to enter the ship recycling industry.
Egypt’s transport ministry has signed a memorandum of understanding with El Wehda Industrial Company to develop a shipbreaking yard at Damietta Port. This initiative is part of the government’s effort to reduce reliance on imported scrap metal. The Egyptian facility will span approximately 155,000 square meters and accommodate ships up to 230 meters in length. Additional ship recycling sites in Egypt are also under consideration.
In Brazil, local authorities and Modern American Recycling Services signed a memorandum of understanding last month to assess the feasibility of creating a ship recycling and decommissioning yard at Porto Central.
