Tag: EU Regulation on Ship Recycling

Jacqueline Tan, Legal Services Manager, UK P&I Club, discusses ship recycling in light of the Hong Kong Convention's entry into force, and reviews various regulations on the subject.

As the Hong Kong Convention is finally coming into force, Watson Farley & Williams (WFW) Partner Nick Walker and Associate Lauren Buchan, raise some immediate questions on what the global framework for ship recycling will look like.

According to DNV, to meet the EU Ship Recycling Regulations, shipowners shall implement procedures for maintenance of IHM throughout the operational life of their vessels. 

WFW announced new insights into criminal liability in Germany for illegal ship recycling. German public prosecutors are currently investigating persons suspected of illegally dismantling ships.

The ship demolition industry is one of the fastest-growing industries. The inclination towards environment-friendly demolition of ships after their completion of the ship's service period is picking up pace, argues Mr Rohit Agarwal, Managing Partner at GUIDESHIP CONSULTING SERVICES LLP.

ICS, the International Shipsuppliers & Services Association (ISSA), BIMCO and the International HazMat Association (IHMA) have collaborated to develop a new guide to help both shipowners and ship suppliers comply with both the current EU Ship Recycling Regulations (EUSRR) and the Hong Kong Convention on Ship Recycling (HKC) where ratification is anticipated next year.

Firstly, introduced in 2019, the Hong Kong Convention still waits for its ratification and will enter into force 24 months after it has been ratified from 15 States, representing 40 per cent of the worlds’ merchant shipping by gross tonnage.

A report commissioned by BIMCO shows that while the EU list of approved ship recycling facilities continues to grow, new additions have not added significant capacity to meet the demands of the global shipping industry.

The European Union added three new yards and extending the authorization of two others to its list of approved ship recycling facilities.

As European owners try to find EU compliant ship recycling facilities, International Shipbreaking Ltd (ISL) in the US has completed processing its vessel from the region.