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Economic and environmental perspectives of end-of-life ship management

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  • Choi, Jun-Ki
  • Kelley, Daniel
  • Murphy, Sean
  • Thangamani, Dillip

Abstract

The economic feasibility and environmental impacts of three examples of end-of-life management options were analyzed with a cost–benefit analysis and an environmental life cycle assessment. The economics of ship recycling methods depend on various parameters such as the market price of reclaimed materials, ship purchase price, environmental and work safety regulation fees, labor costs, and overhead costs. Standard recycling methods are typically used in the U.S., EU, China, and Turkey. The example of recycling the USS Forrestal, showed that standard ship recycling methods can be profitable. Standard ship recycling methods must follow strict regulations, and therefore, can only release negligible amounts of hazardous substances into the environment. In addition, the reclaimed materials from standard ship recycling methods provide various life cycle environmental benefits. Substandard recycling methods, such as beaching, used in southern Asia countries, allow shipyard owners to outbid standard method recycling companies and remain profitable due to a lack of enforced environmental regulations. The non-compliance with environmental regulations, allows these substandard methods to release a large amount of harmful substances into the environment. The reefing option is neither economically viable nor completely safe for the environment, but it could improve the local economy and underwater habitats for local sea life.

Suggested Citation

  • Choi, Jun-Ki & Kelley, Daniel & Murphy, Sean & Thangamani, Dillip, 2016. "Economic and environmental perspectives of end-of-life ship management," Resources, Conservation & Recycling, Elsevier, vol. 107(C), pages 82-91.
    • Handle: RePEc:eee:recore:v:107:y:2016:i:c:p:82-91
    DOI: 10.1016/j.resconrec.2015.12.007
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    References listed on IDEAS

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    1. Hyung Chul Kim & Vasilis Fthenakis & Jun‐Ki Choi & Damon E. Turney, 2012. "Life Cycle Greenhouse Gas Emissions of Thin‐film Photovoltaic Electricity Generation," Journal of Industrial Ecology, Yale University, vol. 16(s1), pages 110-121, April.
    2. Choi, Jun-Ki & Friley, Paul & Alfstad, Thomas, 2012. "Implications of energy policy on a product system's dynamic life-cycle environmental impact: Survey and model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4744-4752.
    3. David D. Hsu & Patrick O’Donoughue & Vasilis Fthenakis & Garvin A. Heath & Hyung Chul Kim & Pamala Sawyer & Jun‐Ki Choi & Damon E. Turney, 2012. "Life Cycle Greenhouse Gas Emissions of Crystalline Silicon Photovoltaic Electricity Generation," Journal of Industrial Ecology, Yale University, vol. 16(s1), pages 122-135, April.
    4. Simic, Vladimir, 2015. "A two-stage interval-stochastic programming model for planning end-of-life vehicles allocation under uncertainty," Resources, Conservation & Recycling, Elsevier, vol. 98(C), pages 19-29.
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    1. Francesco Tola & Enrico Maria Mosconi & Marco Marconi & Mattia Gianvincenzi, 2023. "Perspectives for the Development of a Circular Economy Model to Promote Ship Recycling Practices in the European Context: A Systemic Literature Review," Sustainability, MDPI, vol. 15(7), pages 1-28, March.

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