Specifically, the Lloyd's Register focuses on the Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships (HKC) which considers most of the ship scrapping methods today to be unacceptable and sees recycling as the most environmentally friendly solution, through re-use of most of the ship’s materials, as well as the best way to protect human life.

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In May, Y.S. Investments’ ship recycling yard became Lloyd’s Register’s (LR) first Indian recycling facility to comply with HKC and the EU’s Safe and Environmentally Sound Recycling of Ships (EUSRR) regulation following certification - a great milestone for LR, India and the industry.

Moreover, Lloyd's Register supports all stakeholders in the ship recycling supply chain to ensure that all activities are environmentally sound, compliant and safe.

In light of the progress the ship-recycling sector is seeing, Udi Bar-Lev, LR’s Global Manager for Ship Inspection & Assessment commented

We are proud to play a role in changing this industry’s approach to ship recycling, not just in India but on a global scale, working towards a better future for the environment, employees and the shipping industry.

In addition, LR also certified a Turkish ship recycling yard, LEYAL, and its facilities in compliance with the HKC, helping them become the first non-EU ship recycling yard to join EU list of approved facilities in 2018.

Concluding, LR aspires to see an improved Ship-recycling sector as LR was one of the founding signatories of The Ship Recycling Transparency Initiative (SRTI), set up by the global sustainability non-profit Forum for the Future and independent charity the Sustainable Shipping Initiative (SSI), bringing together key stakeholders from across the industry to improve transparency in the global ship recycling value chain.