Dutch ship owner Seatrade has reached a settlement with the Dutch Public Prosecution Service following the illegal export of four ships to India, Bangladesh, and Turkey for scrapping back in 2012. The agreement entails the payment of a total sum of 5,650,000 euros. Preventing further prosecution, fines totalling 2,650,000 euros were imposed on the shipping company and two of its directors, with an additional settlement of 3,000,000 euros.

On 15 March 2018, the District Court of Rotterdam found Seatrade and two of its directors guilty of violating the European Waste Shipment Regulation. However, this initial ruling was annulled by the Court of Appeal in The Hague on 30 June 2020, due to procedural irregularities, and a new trial was set to begin.

European legislation prohibits the export of toxic end-of-life ships from EU waters to non-OECD countries, and mandates specific procedures for the transboundary movements of hazardous waste within the OECD. Acknowledging their breach of existing rules applicable to ship recycling, the management of Seatrade expressed regret for the actions taken and committed to ensuring future compliance with all relevant laws.