Tag: ship- recycling

The Ship Recycling Transparency Initiative published an annual progress report, compiling disclosure information from twelve shipowners sharing their ship recycling policies and practices.

Japanese shipping company NYK Line has become the 12th shipowner in the world to publicly disclose its approach to ship recycling, after joining the Ship Recycling Transparency Initiative (SRTI).

The EU rules on ship recycling aim to make the process greener and safer. However, there are a lot of cases where the regulations are not followed by the book.

Global warming, pollution and deforestation are some of the problems routinely discussed since they pose a major threat to nature. Every year, 22 April is observed as Earth Day across the globe and people and major stakeholders take part in civic activities and work towards raising awareness about critical issues that the Earth is facing.

A total of 155 ships were sold to South Asian shipbreaking beaches in the first quarter of 2021, where a total of nine workers lost their lives, latest figures by NGO Shipbreaking Platform reveal. 

Ships reach their ‘end-of-life’ when their second hand sale value for further trading drops below their recycling value. This can happen for many reasons, such as ship’s condition deterioration, but the ship recycling procees must take place with caution. However, this does not always happen, with such cases providing lessons learned. One such case is the Eide carrier. 

Shipbreaking activity in India has come to a halt in the last few days, as all the industrial oxygen, which fed gas torches, has been diverted to the COVID-19 fight. 

Swiss Re Corporate Solutions joined the Ship Recycling Transparency Initiative, which calls for greater transparency and responsible ship recycling.

Minister of Transport in Canada announced that the funding of $ 200,000 has been granted to the Innovation maritime organization for the design of recyclable vessels.

Nobody is happy about IHM-compliance, but is a legal requirement which requires transparent and knowledge-based approaches for maritime suppliers and shipowners. The processing and handling of huge number of documents over decades requires trusted partners and a digital tool, highlights Henning Gramann, CEO at GSR Services GmbH.