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Norway's wealth fund will now look at Alang, Maersk has scrapped 7 ships

Fri, 03/15/2019 - 09:23 — helmsman

Norway's wealth fund will now look at Alang
NIKLAS KRIGSLUND 14.03.19

Maersk has so far scrapped seven ships in Alang. The first, Maersk Wyoming, arrived in June 2016. Photo: PR-foto/Maersk
The Norwegian sovereign wealth fund's Council on Ethics will now look into companies that scrap ships in Alang. The fund owns shares for close to USD 275 million in Maersk, which uses shipbreakers in India. Last year the fund blacklisted four shipping companies for beaching.

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