Back to Top

Tag Archives: Asia

Shipping shakeup continues as China’s extended ban nears

Published: August 26, 2020
Updated:

by
Cargo ship on the water.

Despite the upcoming ban, the Chinese government continues to approve permits for more recovered paper to enter the country. | hxdbzxy/Shutterstock

Another major container ship operator says it’s ending scrap shipments to China as that country prepares to widen its prohibition on imports of recovered material. Meanwhile, insurance providers recently analyzed the Chinese policy and its ramifications for shipping lines.

Continue Reading

Posted in News | Tagged , |

Asian film processor details new ‘credit’ funding system

Published: August 19, 2020
Updated:

by
Film processing at Myanmar Recycles.

Myanmar Recycles has customized a wash line with more than a dozen different washing steps along the way. | Courtesy of Myanmar Recycles.

A film recycling company in Myanmar is among the first to take part in a global plastic credit system, which could direct financing from corporations to help the recycling firm expand its capacity.

Continue Reading

Posted in Top stories | Tagged , |

Scrap plastic exports plummet 47% this year

Published: August 7, 2019
Updated:

by

U.S. exporters shipped out 773 million pounds of scrap plastic in the first half of 2019. | aapsky/Shutterstock

Federal trade statistics released last week show U.S. export volumes for the first six months of 2019. Recycled plastics have seen a major drop when compared with figures from a year ago.

Continue Reading

Posted in Top stories | Tagged , |

Largest shipping company won’t take plastics to Hong Kong

Published: July 29, 2020
Updated:

by
Maersk shipping container on a ship at sea.

Shipping giant Maersk announced as of Sept. 1, 2020 it will no longer take scrap material shipments to China. | Mariusz Bugno/Shutterstock

Citing China’s upcoming legislation that will ban all “solid waste” imports, APM-Maersk this month announced it will stop shipping virtually all recovered materials to China and Hong Kong in the coming weeks.

Continue Reading

Posted in News | Tagged , |

Another major shipping line ends scrap service to China

Published: July 1, 2020
Updated:

by
Hapag-Lloyd shipping vessel with cargo.

Hapag-Lloyd announced that it will not accept “solid waste” cargo that would arrive in China after Sept. 1. | Solarisys/Shutterstock

This article has been updated.

Shipping company Hapag-Lloyd announced it will stop taking recycled material loads to China this year, citing the country’s recent law that referenced an all-out “solid waste” import ban in the near future.

Continue Reading

Posted in News | Tagged , |

Shipping giant stops taking exports to Hong Kong

Published: June 10, 2020
Updated:

by
MSC cargo ship at port.

Shipping company MSC stopped accepting scrap cargo headed to China and Hong Kong as of June 1. | Fomin Roman/Shutterstock

A major shipping line will no longer accept recovered plastic and other scrap material shipments bound for Hong Kong, which remains a large market for U.S. exports.

Continue Reading

Posted in News | Tagged , |

Plastic industry’s $1B waste effort begins to outline projects

Published: May 20, 2020
Updated:

by

The Alliance to End Plastic Waste announced earlier this month it would be supporting a female-led plastics recycling plant in Ghana. | Courtesy of ASASE Foundation.

The Alliance to End Plastic Waste is currently working to implement more than a dozen initiatives worldwide. The group’s leader recently explained key details, as well as how COVID-19 has impacted progress.

Continue Reading

Ocean plastics venture announces first investments

Published: April 29, 2020
Updated:

by

Circulate Capital announced $6 million in funding to recycling companies to prevent marine debris. | Igor Batenev/Shutterstock

Circulate Capital invested $6 million in plastics recycling companies in India and Indonesia, the brand-backed firm’s first outlay designed to prevent marine plastics.

Continue Reading

Posted in News | Tagged , , |

Circulate Capital ready to invest millions in Asia

Published: December 18, 2019
Updated:

by

Circulate Capital’s April Crow (center) at the 2019 Resource Recycling Conference and Trade Show, held in August in New Orleans. | Resource Recycling, Inc./Brian Adams Photography

An ocean plastics prevention fund has $106 million in hand and is gearing up to announce its first investments in Southeast Asian waste management infrastructure.

Continue Reading

Posted in Top stories | Tagged , , |