Interwits joins the SRTI
Interwits joins the Ship Recycling Transparency Initiative (SRTI)
We are pleased to welcome Interwits, a leading law and consultancy firm in the shipping, energy, and international trade sectors, as the newest signatory to the Ship Recycling Transparency Initiative (SRTI).
With a global footprint across Europe, Türkiye, the UK, and the US, Interwits works closely with shipowners, cargo interests, and insurers—bringing legal clarity and regulatory insight across the maritime value chain. As a signatory to the SRTI, Interwits reinforces its commitment to sustainability, compliance, and transparency in ship recycling.
“At Interwits, we see ship recycling as a critical intersection of law, sustainability, and responsible innovation,” said Marcela Rodas U., Business Director at Interwits. We’re proud to join the SRTI and look forward to working with industry changemakers who share our commitment to transparency in ship recycling.”
Ocean Network Express Joins the Ship Recycling Transparency Initiative (SRTI)
Ocean Network Express joins the Ship Recycling Transparency Initiative (SRTI)
We are pleased to announce that Ocean Network Express (ONE) has officially become a signatory to the Ship Recycling Transparency Initiative (SRTI), reinforcing its leadership in promoting safe, responsible, and transparent ship recycling practices. As ONE continues to grow its owned fleet, the company is deepening its commitment to sustainability through the implementation of a formal Ship Recycling Policy.
This policy ensures that all ONE-owned vessels are recycled exclusively at certified and compliant facilities in line with international standards—prioritizing human safety, environmental protection, and regulatory adherence.
By becoming a signatory to the SRTI, ONE joins a global community of shipowners that voluntarily disclose their ship recycling approaches, thereby increasing accountability and raising the bar for industry-wide practices.
“The development of our Ship Recycling Policy, together with our participation in the SRTI, marks a meaningful step forward in our ‘Clean Ship Recycling’ initiative – one of the seven key pillars of ONE’s Green Strategy,” said Michimasa Noda, Senior Vice President, Sustainability at ONE.
This announcement comes ahead of the enforcement of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) on 26 June 2025, and signals ONE’s alignment with global efforts to embed sustainability across the full lifecycle of shipping assets.
We welcome ONE as an SRTI signatory and commend their transparency and proactive leadership in advancing sustainable shipping.
New Business Insider Documentary Exposes the Dark Side of Shipbreaking – Why Transparency is the Key to Change
New Business Insider Documentary Exposes the Dark Side of Shipbreaking – Why Transparency is the Key to Change
https://www.youtube.com/watch?v=hQVNtXIy3B4
A recent investigative video from Business Insider, How Rich Nations Dump Old Cruise Ships And Oil Tankers In Poor Countries, highlights the urgent challenges surrounding ship recycling. The footage exposes the environmental and social risks posed by the dismantling of end-of-life vessels in shipbreaking yards across South Asia (with a dedicated interest on Pakistan), where poor working conditions and inadequate waste management result in significant harm to both people and the planet.
The Ship Recycling Transparency Initiative (SRTI) was created to address these issues. By promoting transparency and accountability in ship recycling practices, the SRTI empowers stakeholders—cargo owners, investors, shipowners, and policymakers—to make informed decisions that drive responsible practices across the industry.
Why Transparency in Ship Recycling Matters
For too long, the ship recycling industry has operated with limited oversight, making it difficult to differentiate between responsible and unsafe practices. Many shipowners still opt for methods that maximize profit while disregarding environmental and social consequences. Through disclosure, the SRTI shifts the narrative by encouraging shipowners to publicly share their ship recycling policies, practices, and processes. This enables stakeholders to identify and support those committed to sustainable, responsible recycling.
A Call to Action for Cargo Owners and Investors
Cargo owners, financiers, and other industry players have the power to demand better ship recycling standards. By engaging with the SRTI and using its data to inform procurement and investment decisions, these stakeholders can influence shipowners to adopt safer and more environmentally friendly recycling methods. Transparency fuels change, and collective action can accelerate the industry’s transition toward compliance with international regulations, such as the Hong Kong Convention and EU Ship Recycling Regulation.
The issues raised in this video reinforce the importance of SRTI’s mission. By shedding light on ship recycling practices, we can drive improvements that benefit workers, local communities, and the environment. The time to act is now—join the movement towards a more transparent and sustainable shipping industry.
📢 Learn more about the SRTI and how you can get involved: www.shiprecyclingtransparency.org
The video 'How Rich Nations Dump Old Cruise Ships And Oil Tankers In Poor Countries' is produced and owned by Business Insider. The Ship Recycling Transparency Initiative (SRTI) does not claim any rights to the content and shares it solely to highlight the importance of transparency in ship recycling.
SRTI Webinar Series Episode 4
SRTI Webinar Series EP. 4
🎙️ 𝗦𝗥𝗧𝗜 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 𝗦𝗲𝗿𝗶𝗲𝘀 – 𝗘𝗽𝗶𝘀𝗼𝗱𝗲 𝟰
𝗧𝗵𝗲 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗼𝗳 𝗛𝗮𝘇𝗮𝗿𝗱𝗼𝘂𝘀 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 (𝗜𝗛𝗠) – 𝗔 𝗧𝗼𝗼𝗹 𝗳𝗼𝗿 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗦𝗵𝗶𝗽 𝗥𝗲𝗰𝘆𝗰𝗹𝗶𝗻𝗴 𝗼𝗿 𝗮 𝗕𝗼𝘅-𝗧𝗶𝗰𝗸𝗶𝗻𝗴 𝗘𝘅𝗲𝗿𝗰𝗶𝘀𝗲?
📅 𝗗𝗮𝘁𝗲: March 26, 2025
⏰ 𝗧𝗶𝗺𝗲: 10:00 AM – 11:00 AM CET
📢 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄 to secure your spot [LINK]
The 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗼𝗳 𝗛𝗮𝘇𝗮𝗿𝗱𝗼𝘂𝘀 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 (or IHM) is a key component in ensuring responsible ship recycling—but is it truly achieving its purpose, or has it become just another compliance checkbox? 🤔
Join us for the next episode of the 𝗦𝗥𝗧𝗜 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, where we will critically examine:
✅ Are current certification and maintenance processes robust enough, or do they leave room for risky declarations and loopholes?
✅ How does IHM fit into broader industry trends—CSRD, ESG, circularity, and green steel?
✅ Should we shift towards a more comprehensive approach, such as Full Material Declaration (FMD) or Digital Retro Twins?
✅ Can technology play a role in strengthening IHM and driving sustainability in ship recycling?
✅ Are the 16 hazardous substances covered in IHM enough, or do we need to broaden the scope?
💡 𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀
🔹 𝗛𝗲𝗻𝗻𝗶𝗻𝗴 𝗚𝗿𝗮𝗺𝗮𝗻𝗻, CEO, GSR Services
🔹 𝗕𝗿𝘆𝗰𝗲 𝗟𝗮𝘄𝗿𝗲𝗻𝗰𝗲, COO, Leviathan
🔹 Third panelist to be announced soon!
Let’s challenge assumptions and discuss how shipowners, suppliers, recyclers, and regulators can work together to enhance compliance and transparency.
Join SRTI at Smart Freight Week 2025
Countdown to Smart Freight Week 2025
The countdown is on! Smart Freight Week 2025 is fast approaching, and SRTI is hosting an exclusive members-only session to explore how Cargo Owners can drive change in ship recycling.
📅 Date: Wednesday, 19 March 2025
🕒 Duration: 45 minutes
📍 Location: Hybrid (In-Person in Amsterdam + Virtual)
🎤 Host: Giulio Venier, Program Manager, Ship Recycling Transparency Initiative (SRTI)
As the maritime industry faces growing pressure to enhance sustainability, Cargo Owners have a crucial opportunity to drive meaningful change in ship recycling practices. Join the Ship Recycling Transparency Initiative (SRTI) during Smart Freight Week 2025 for an engaging session exploring how Cargo Owners can harness their influence to support responsible ship recycling.
This interactive session, hosted by Giulio Venier and featuring members of the SRTI, will dive into the benefits of sustainable ship recycling—from green steel production and decarbonization strategies to stronger supply chain partnerships. Attendees will gain insights into how responsible procurement practices align with emerging industry priorities, including:
✅ Green procurement strategies
✅ Enhanced ESG performance
✅ Supply chain transparency and accountability
Why Attend?
✔️ Understand how Cargo Owners can influence sustainable ship recycling.
✔️ Learn how the SRTI platform fosters transparency and accountability.
✔️ Discover practical ways to integrate ESG and green procurement into business strategies.
Who Should Join?
Cargo Owners, freight forwarders, shipping companies, sustainability professionals, and anyone committed to driving transparency and responsibility in the maritime supply chain.
📢 The clock is ticking! Secure your spot* today and be part of the conversation.
* -(the event is for SRTI members only and invited external attendees).