circular economy in shipping

A circular economy in shipping focuses on reducing waste and optimizing resource use throughout a vessel's lifecycle. Instead of the traditional linear model—where ships are built, used, and then discarded—this approach emphasizes designing ships for durability, repairability, and reusability. Materials are recycled or reused at the end of their lifespan, and operational practices aim to minimize environmental impact. The goal is to create a sustainable cycle where resources are kept in use longer, waste is minimized, and ecosystems are protected, ultimately promoting efficiency, cost savings, and environmental responsibility in maritime transportation.