The head of the world’s biggest ship recycling company has warned that more than half of the world’s fleet of sanctioned oil tankers is corroding and runs the risk of causing significant environmental disaster.
Anil Sharma, chief executive of GMS Partnership, told the FT that “luck was running out” to avoid a major oil slick such as the 1979 crash between SS Atlantic Empress and the Aegean Captain, which resulted in more than 2mn barrels of oil being spilled.
“Minimum one-third [should be scrapped], maybe more,” he said of the so-called shadow fleet ships. “I would honestly think it is more than half.”
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