We operate with precision and integrity, aligning ourselves exclusively with partners and facilities that are not only enlisted under the European Union Ship Recycling Regulation (EU SRR) but also complied with the Hong Kong International Convention for the safe and environmentally sound recycling of ships. This dual compliance guarantees our status as responsible cash buyer, providing ship owners with the utmost confidence that their vessels will be recycled in a manner that protects both the environment and human health.

Our operations primarily in Turkiye are complemented by our expansive global reach, including significant activities in India, Bangladesh and Pakistan.

In Turkiye, we focus on selling these vessels to facilities committed to eco-friendly recycling practices, ensuring that the process minimizes environmental impact. Our compliance with the EU Ship Recycling Regulation (EU SRR) and the Hong Kong International Convention is not just a legal obligation but a testament to our dedication to safe and environmentally sound recycling practices.

Expanding beyond Turkiye, we have established a strong presence in India, engaging with firms that align with the standards set by the Hong Kong International Convention. This not only broadens our market reach but also ensures that our commitment to environmental stewardship is echoed in diverse geographic regions.

Our role as a broker transcends local boundaries, connecting shipowners with certified recycling facilities in various countries. This brokerage service is particularly active in Bangladesh and Pakistan, where we have established connections with local recycling facilities. This allows us to offer a wide spectrum of recycling options to our clients, reinforcing our position as a leader in the ship recycling industry.

Varuna stands as a beacon of responsible and sustainable ship recycling. Our global operations, adherence to stringent environmental standards, and expansive brokerage services underscore our dedication to shaping a better future for the shipping industry.