Malta is the latest country to accede to IMO’s treaty for safe and environmentally-sound ship recycling – the Hong Kong Convention.
Ten years after the adoption of IMO’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships, in May 2009, there has been progress with voluntary application of its requirements.
With the rise in awareness towards maritime environment, the major changes in the process of ship breaking,has given rise to a new term – green ship recycling.
Ship dismantling or ship recycling is the process of breaking down a ship when it completes its operational life. The process of ship dismantling generally takes place in ship breaking yards in Asia. Learn how ship dismantling is done inside the article.
Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship, a study commissioned by BIMCO shows.
A variety of ship disposal techniques have been used in the maritime industry since the start. Some of these methods have been discontinued whereas some are still used in several parts of the world. Learn more about ten major ship disposal techniques.
IMO’s treaty for safe and environmentally sound ship recycling has received another boost. Japan has become the 10th country to become a Party to the Hong Kong Convention.
Companies within the ship recycling industry are known as cash buyers when they purchase a vessel with 100% cash. In turn, the cash buyer sells the vessel to a recycler in any one of the ship recycling countries.
Oldendorff Carriers has entered into an agreement with GSR Services and KR for the development and certification of Inventory of Hazardous Materials (IHM) for their fleet for meeting tight EU – deadlines.