Shipping Industry Welcomes Proposed Inclusion of Two Indian Ship Recycling Yards to EU List
In a recent development, major industry players BIMCO, European Shipowners (ECSA), the International Chamber of Shipping (ICS), INTERCARGO, INTERTANKO, and World Shipping Council (WSC) have expressed their support for the European Commission’s proposal to add two Indian ship recycling facilities to the updated European List of Ship Recycling Facilities.
Significance of Inclusion
The shipping industry has long advocated for the inclusion of compliant non-OECD yards following the implementation of the EU Ship Recycling Regulation (EU SRR). This proposal not only holds practical significance for shipowners but also sends a strong political signal that non-OECD yards meeting the EU SRR’s safety and environmental requirements deserve recognition.
Addressing Capacity Shortage
The inclusion of these two Indian facilities marks a crucial step towards addressing the structural capacity shortage on the European List. With a projected increase in the number of vessels reaching the end of their operational life in the coming years, having sufficient compliant recycling capacity is essential for the industry’s sustainability.
Global Recycling Capacity
Ensuring that the European List reflects the global reality of recycling capacity is vital for the legislation to function effectively as an incentive for safe and environmentally sound ship recycling worldwide. The proposed update is a result of years of substantial investment and effort following the adoption of the Hong Kong Convention (HKC) in 2009.
Commitment to Standards
The yards in question have made significant capital investments to upgrade their infrastructure, safety systems, and environmental management to meet the HKC and EU SRR standards. This commitment aligns with the purpose of the EU SRR to reduce disparities in workplace health, safety, and environmental standards among operators in different countries.
Encouraging Swift Approval
European Shipowners (ECSA), the International Chamber of Shipping (ICS), BIMCO, INTERCARGO, INTERTANKO, and World Shipping Council (WSC) have collectively urged policymakers to promptly approve and adopt the updated EU list. This move not only acknowledges the efforts of compliant facilities but also supports a broader ecosystem of stakeholders working towards safe and environmentally responsible ship recycling practices.
In conclusion, the proposal to include Indian ship recycling facilities on the updated European List reflects a significant milestone in the industry’s collective efforts to promote sustainable and compliant ship recycling practices on a global scale. such as “New Developments in Marine Technology” or “Impact on Naval Architecture”).
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