Using transparency to drive progress on responsible ship recycling
The Ship Recycling Transparency Initiative (SRTI) uses transparency to drive progress on responsible ship recycling by way of a one-stop shop online platform to report information on policies and practices against a set of predefined disclosure criteria. SRTI is hosted by Smart Freight Centre, an international non-profit organization focused on reducing greenhouse gas emission from freight transportation.
Why sign up to the SRTI?
The SRTI reflects a collective effort that brings together different players across the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance. Leading companies across the shipping value chain have shared why they support the SRTI.
SRTI is hosted by Smart Freight Centre (SFC). This partnership with SFC facilitates collaboration amongst likeminded partners and strengthens both SFC and SRTI’s joint efforts towards sustainable shipping.
“It’s our ambition to advance sustainable ship recycling. By collaborating with SRTI’s network of forward-thinking businesses, we want to support the industry in understanding how to better track ship owners’ scrapping activities that are not respecting standard environmental guidelines and violating human rights. Working on these ambitions collaboratively with the SRTI and its members, we are confident that we can create a more sustainable future.”
Patrizia Kern
Global Head Marine
Swiss Re Corporate Solutions
“American Hellenic Hull is a pioneer in sustainable marine insurance practices and is the first dedicated marine underwriter to sign the United Nations agenda. By becoming a signatory to the Ship Recycling Transparency Initiative family, AHHIC aspires to contribute to the development of a sustainable blue growth strategy for the marine insurance industry. The SRTI plays a pivotal role in the blue economy and we believe the marine insurance industry can make an important contribution by embracing and raising awareness of sustainable ship recycling practices, as part of a stronger overall focus on environmental, social and governance issues.”
Ilias Tsakiris
CEO
American Hellenic Hull Insurance Company
“Sustainable ship recycling can provide benefits to both the global environmental and local communities. But this is contingent on having strong governance and transparent recycling practises in place. Without such the industry quickly risks doing more harm than good. Seaspan looks forward to working with SRTI to promote responsible and safe ship recycling practices.”
Torsten Holst Pedersen
Chief Operating Officer
Seaspan Corporation