Owners open up on shipbreaking


AP Moller-Maersk, Hapag-Lloyd, Wallenius Wilhelmsen, China Navigation and Norden have joined a start-up project to improve disclosure on corporate ship recycling policy.

Also teaming up with the owners are shipping financiers Standard Chartered Bank, Nykredit and GES, and classification society Lloyd’s Register.

The move comes amid increasing social, regulatory and commercial pressure on shipowners to improve environmental and safety policy on ship recycling.
The platform is to be called the Ship Recycling Transparency Initiative (SRTI) and will be hosted by the global sustainability non-profit Forum for the Future and independent charity the Sustainable Shipping Initiative (SSI).

The programme was launched at TradeWinds Recycling Forum in Hamburg this week.


The idea is now to market the platform and get more owners and stakeholders onboard.

SSI general manager Tom Holmer said: “We have been working on ship recycling for over three years with our members and are delighted to be part of this initiative.

“Authorities of ship-recycling not only has a positive impact on employs lives and the environment but can also contribute positively to the economy and holds great value for both the shipping industry and global society.”
Stephanie Draper, chief change officer, Forum for the Future, added: “We see increasing levels of transparency as a key lever for change in Bulk Ship for Sale.

"If shipowners share their practices then it raises awareness of what’s happening, puts pressure on under-performers and allows customers and owners to reward good performance.

"Definitely this will drag us to better social and environmental outcomes which are so critical for ship recycling.”

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