
The SRTI uses transparency to drive progress on ship recycling by way of a one-stop-shop online platform to share information on ship recycling.
Through the SRTI, shipowners can voluntarily disclose information on their respective ship recycling policies, practices and progress, holding themselves to account before key stakeholders and for the benefit of the wider public.
Simultaneously, stakeholders such as cargo owners and financiers can become signatories, demanding transparency from shipowners on their approach to ship recycling and using SRTI data to make informed decisions and reward good practice through the market.
Shipowners disclose data on five key areas:
“This initiative is helpful to any investor who wants insights to the very complex question of ship recycling. With key information on a company level this initiative will enable investors to better assess related risks and opportunities.”
Morten Therkildsen
Managing Director
Nykredit Asset Management
There are currently 11 shipowners disclosing their approach to ship recycling through the SRTI platform. These cover a range of vessel types, and operate a total of 2,433 vessels covering 4-5% of the global merchan fleet over 1,000 gross tonnes
The global container fleet is well represented. Shipowners disclosing their ship recycling data through the SRTI platform make up a total of ~42% of the global container fleet by TEU, and ~27% of the global container fleet by number of vessels.
In the absence of a single global piece of regulation for ship recycling stakeholders to adhere to, shipowners may develop policies utilising guidance from several instruments, international conventions, and principles, including (but not limited to):
SRTI data is transparent and available to any group with an interest in ship recycling – from shipowners interested in how others in the industry manage ship recycling, to investors, cargo owners, NGOs and academics.
You can view and export each shipowners’ full disclosure here.
You can also view and export the data below, using the search box for look for specific results or filtering within each column.