Renewable Matter - Sustainable Shipbreaking: A pending issue

Renewable Matter (Materia Rinnovabile) is an international bioeconomy and circular economy magazine. In their March-April 2019 issue, Irene Baños Ruiz looks at the potential of a circular approach to ship recycling and the ship lifecycle.

“Ships have the potential to become sources of either toxic waste or precious materials. A circular approach to shipbreaking can therefore help the environment, economy and employment”

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Hansa: International Maritime Journal - Investors push for responsible scrapping

International maritime journal HANSA spoke to SRTI Steering Group member Roger Charles, Executive Director, Environmental and Social Risk Management at Standard Chartered Bank about the role of investors in pushing for responsible ship recycling practices in their April 2019 edition.

“We believe in working with our clients to help them raise their performance in relation to E&S issues, and demonstrate to use that they are managing these appropriately”

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China Navigation Company - Sustainable Ship Recycling: Alang, India

The China Navigation Company is a founding SRTI signatory and member of the SRTI Steering Group. Click below to learn about their approach to ship recycling and to taking extended producer responsibility for the disposal of their vessels at end of life.

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Wallenius Wilhelmsen - Introducing the Ship Recycling Transparency Initiative: Why the time for change is now

SRTI Signatory and Steering Group member Wallenius Wilhelmsen interviewed SSI Executive Director Andrew Stephens about the Ship Recycling Transparency Initiative on their website.

“It’s widely acknowledged that ship recycling is one of the least safe industries globally for its workforce. It’s difficult to predict how fast we can change that, and we’re relying on leading companies in the shipping industry to do it. The scrutiny of ship recycling is increasing, and shipowners are being increasingly encouraged to look carefully at the end of life of their assets”

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Teekay - Promoting responsible ship recycling

Click below to read Teekay’s reflections on the ship recycling and what can be done to drive change. Teekay becomes the 8th leading shipowner to disclose their ship recycling policies and practices via the SRTI online platform.

The safety and sustainability of the ship recycling process deserves the attention of the marine industry. As an industry we must drive and support the raising of standards globally by raising the safety and sustainability bar to the same level we have achieved in the other stages of a ship’s lifecycle – shipbuilding and ship operations, which many of us have focused on intensely as responsible shipowners over the past decades. Teekay is committed to be a part of the solution, and we support the SRTI work underway.

Kenneth Hvid, CEO
Teekay Corporation

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Teekay joins the Ship Recycling Transparency Initiative

London/Vancouver, 20 March 2019 – Teekay, one of the world’s largest marine energy transportation, storage and production companies joined A.P. Moeller-Maersk, the China Navigation Company, Wallenius Wilhelmsen and other major maritime players in signing up to the Ship Recycling Transparency Initiative (SRTI). The Canadian shipowner becomes the eighth to make public their approach to ship recycling.

“Teekay is committed to helping the ship recycling facilities that we work with elevate their skills and performance to increase safety and sustainability,” said Kenneth Hvid, President and CEO, Teekay. “Our employees are on-the-ground throughout the recycling process to perform regular inspections and audits and provide training to staff and workers. We have adopted a stringent process for ship recycling that goes above and beyond the Hong Kong Convention, and by being directly involved we can ensure this standard is met when recycling our vessels.”

Hvid is optimistic about the SRTI raising the bar: “With proper commitment and engagement, we believe responsible ship recycling is achievable.”

“We are delighted that Teekay is joining the SRTI community,” said Andrew Stephens, Executive Director of the Sustainable Shipping Initiative that hosts the SRTI. “By disclosing their approach to ship recycling, Teekay demonstrates its commitment to being part of the solution.”

Stephens also pointed at a growing interest in more sustainable shipping practices and transparency from key stakeholders from other sectors including investors, retailers and manufacturers such as BMW and Scania. “Shipowners show increasing responsibility for their vessels throughout their entire life cycle – starting from the shipbuilding phase, through ship operations all the way through to dismantling and the recycling of steel and other ship components.”

Teekay joins the SRTI as the initiative celebrates its one year birthday. Just over two months after the SRTI online platform went live the first SRTI report was launched at Tradewinds Ship Recycling Forum 2019 in Hong Kong. Drawing on data collected through the SRTI online platform, the report clearly indicates that there is a growing commitment from shipowners to transparency and the provision of data on their ship recycling policies and practices. Industry insiders predict significant growth in numbers of disclosing shipowners as well as signatories to the SRTI.

-ENDS-

 

The SRTI 2019 report is available online here.

 

About the Ship Recycling Transparency Initiative (SRTI)

Hosted by the Sustainable Shipping Initiative, the SRTI brings together leading shipowners, investors, banks, insurers, cargo owners and other key stakeholders from across the maritime industry. Its founding signatories include shipowners The China Navigation Company, Hapag-Lloyd AG, A.P. Moeller-Maersk, NORDEN, Stolt Tankers and Wallenius Wilhelmsen; financial stakeholders GES/Sustainalytics, Nykredit and Standard Chartered Bank; classification society Lloyd’s Register; and sustainability non-profit Forum for the Future. Recent signatories include BMW, MP Pension, PBU, RightShip, Scania and Teekay (note Teekay data to be included in the subsequent SRTI report).

www.shiprecyclingtransparency.org

 

About the Sustainable Shipping Initiative

The SSI is a multi-stakeholder initiative that brings together like-minded and ambitious leaders spanning the entire shipping value chain to contribute to – and thrive in – a more sustainable maritime industry. SSI members are shipowners and charterers; marine equipment, shipyards and service providers; banks, ship finance and insurance providers; classification societies; and sustainability non-governmental organisations. The SSI seeks to achieve its Vision for 2040 by changing the narrative to a socially and environmentally responsible, resilient and profitable industry in which sustainability equals success. The SSI Roadmap serves as a practical tool to understand and respond to sustainability challenges, setting out the steps and milestones throughout our collective journey to achieving our Vision.

www.ssi2040.org

 

Follow us on LinkedIn and Twitter (@SustShipping)

#ShipRecyclingTransparency

#ShipRecycling


Teekay - Promoting responsible ship recycling

Click below to read Teekay’s reflections on the ship recycling and what can be done to drive change. Teekay becomes the 8th leading shipowner to disclose their ship recycling policies and practices via the SRTI online platform.

The safety and sustainability of the ship recycling process deserves the attention of the marine industry. As an industry we must drive and support the raising of standards globally by raising the safety and sustainability bar to the same level we have achieved in the other stages of a ship’s lifecycle – shipbuilding and ship operations, which many of us have focused on intensely as responsible shipowners over the past decades. Teekay is committed to be a part of the solution, and we support the SRTI work underway.

Kenneth Hvid, CEO
Teekay Corporation

Click here to view the article

BMW Group first auto manufacturer to join Ship Recycling Transparency Initiative

Munich. The BMW Group is the first automobile manufacturer worldwide to join the Ship Recycling Transparency Initiative (SRTI). This independent platform, launched in March 2018 by the Sustainable Shipping Initiative, aims to improve measures, transparency and awareness relating to the issue of ship recycling. The move signals the BMW Group’s commitment to more sustainable organisation of transport logistics.

Increased sustainability in the supply chain.

The BMW Group takes a holistic approach to implementing its sustainability goals that encompasses the entire value chain. As a global organisation, the company relies on a multifaceted logistics network – with tasks that range from transporting vehicle parts to plants (inbound logistics) to distributing finished vehicles to customers (outbound logistics). Sea logistics plays an important part in this. The BMW Group therefore makes it a priority to organise its sea logistics in a responsible manner – especially with respect to recycling practices for ships.

“Sustainable awareness and transparency are guiding principles for the BMW Group’s actions. We demand the same from our partners in our worldwide distribution and transport network,” emphasised Anita Pieper, responsible for Vehicle Distribution at the BMW Group. “We are delighted to be the first automobile manufacturer to become part of the Ship Recycling Transparency Initiative and take a stand for more transparency in ship recycling.”

 

About the Ship Recycling Transparency Initiative.

The SRTI adopts a voluntary market-driven approach to sustainable ship recycling practices. As an online platform, it promotes exchange of information on ship recycling practices and guidelines, and helps ensure greater transparency in the maritime sector. The Initiative takes the interests of all its members into account in its efforts to find joint solutions and establish a new standard for responsible ship recycling.

Recycling at the BMW Group.

The BMW Group has always developed sustainable recycling processes within the company – especially in the area of vehicle recycling. To gradually increase recycling rates, the company tests recycling concepts for new kinds of vehicle components on an ongoing basis at its Recycling and Dismantling Centre. The BMW Group also works with research institutes and suppliers to further implementation of new recycling technologies. With its “design for recycling” principle, the company aims to ensure that components can be returned to the material cycle wherever possible at the end of a vehicle’s lifecycle.

 

If you have any questions, please contact:

Kai Zöbelein

BMW Group Communications Sustainability

Phone: +49-89-382-21170

Kai.Zoebelein@bmw.de

 

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 30 production and assembly facilities in 14 countries; the company has a global sales network in more than 140 countries.

In 2018, the BMW Group sold over 2,490,000 passenger vehicles and more than 165,000 motorcycles worldwide. The profit before tax in the financial year 2017 was € 10.655 billion on revenues amounting to € 98.678 billion. As of 31 December 2017, the BMW Group had a workforce of 129,932 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupView

Instagram: https://www.instagram.com/bmwgroup

LinkedIn: https://www.linkedin.com/company/bmw


SRTI 2019 Report: Growing movement pushing for increased transparency on ship recycling

Hong Kong, 6 March 2019 – The first report of the Ship Recycling Transparency Initiative (SRTI) was launched today, at Tradewinds Ship Recycling Forum 2019 in Hong Kong. Presenting data collected through a disclosure questionnaire circulated among shipowners as part of the Ship Recycling Transparency Initiative, the report clearly indicates that there is a growing movement stepping up the pressure on shipowners to disclose their approaches to ship recycling.

Since the SRTI online platform (www.shiprecyclingtransparency.org) went live just over two months ago seven large shipowners – operating a combined total of more than 1,800 vessels – have voluntarily shared data on their company’s ship recycling policies and practice. All disclosing shipowners have a written policy on ship recycling for their own vessels covering issues related to the environment, labour and human rights in accordance with the Hong Kong Convention.

“We’re seeing increasing pressure on shipowners from key stakeholders including investors, retailers and manufacturers,” said Andrew Stephens, Executive Director of the Sustainable Shipping Initiative who is presenting at Tradewinds in Hong Kong. “Conversations with retailers and manufacturers, investors, lenders and insurance companies have highlighted that they too want more information on ship recycling to inform their decision-making.”

“The beauty of the SRTI is that it can easily be incorporated into their existing sustainability strategies, such as building into supplier codes of conduct and used as a requirement in procurement processes. Shipowners feel the effects of the market as they are being held accountable; the simple act of being transparent about their approach to ship recycling is leading to improved policy, practice and performance.”

Cargo owners such as major vehicle manufacturers BMW and Scania have recently signed up to the SRTI, demonstrating their willingness to be held to account for their supply chain. Financial stakeholders make up one third of those involved in the SRTI – including recent signatories MP Pension and PBU – reflecting a continuing trend for investment funds to scrutinise shipowners’ ship recycling practices.

The SRTI report also reveals how shipowners implement their responsible ship recycling commitments through the use of standard contracts such as BIMCO’s RECYCLECON for the sale of vessels for green recycling; and/or explicit requirements for ship recycling facilities to follow a specific ship recycling plan. 100 per cent of disclosing shipowners monitor facilities’ compliance during the ship recycling process, mostly by way of ongoing supervision and assigning a company representative. Shipowners also conduct follow-up onsite and spot checks.

-ENDS-

The SRTI 2019 report is available online here.

 

About the Ship Recycling Transparency Initiative (SRTI)

Hosted by the Sustainable Shipping Initiative, the SRTI brings together leading shipowners, investors, banks, insurers, cargo owners and other key stakeholders from across the maritime industry. Its founding signatories include shipowners The China Navigation Company, Hapag-Lloyd AG, A.P. Moeller-Maersk, NORDEN, Stolt Tankers and Wallenius Wilhelmsen; financial stakeholders GES, Nykredit and Standard Chartered Bank; classification society Lloyd’s Register; and sustainability non-profit Forum for the Future.

www.shiprecyclingtransparency.org

 

About the Sustainable Shipping Initiative

The SSI is a multi-stakeholder initiative that brings together like-minded and ambitious leaders spanning the entire shipping value chain to contribute to – and thrive in – a more sustainable maritime industry. SSI members are shipowners and charterers; marine equipment, shipyards and service providers; banks, ship finance and insurance providers; classification societies; and sustainability non-governmental organisations. The SSI seeks to achieve its Vision for 2040 by changing the narrative to a socially and environmentally responsible, resilient and profitable industry in which sustainability equals success. The SSI Roadmap serves as a practical tool to understand and respond to sustainability challenges, setting out the steps and milestones throughout our collective journey to achieving our Vision.

www.ssi2040.org

Follow us on LinkedIn and Twitter (@SustShipping)

 

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#ShipRecyclingTransparency
#ShipRecycling
@SustShipping


Maritime Risk International - Creating a new norm for responsible ship recycling: Voices from the industry

Sustainable Shipping Initiative Executive Director Andrew Stephens and Head of Communications and Development Nicole Rencoret outline the issues facing the ship recycling sector and reflect on the potential of transparent, voluntary disclosure to level the playing field in the industry.

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