BIMCO launches industry film calling for safe ship recycling
Overview
BIMCO has launched its fourth industry film, calling for the urgent adoption of the Hong Kong International Convention for the safe and Environmentally Sound Recycling of Ships, and for ship owners to only choose yards that live up to the convention.
“The numbers speak for themselves. The raw scrap steel from ship recycling feeds around 350 re-rolling mills that supply approximately 50% of the annual steel consumption in Bangladesh alone, and the industry creates thousands of jobs for people providing for their families,” said BIMCO Secretary General and CEO, David Loosley.
“But ship recycling has for too long been unsafe for workers and the environment at yards that do not live up to the standards of the Hong Kong Convention. It is time for change and for ship recycling to be done the right way,” Loosley says.
During a visit to Chattogram and Dhaka in Bangladesh in early May by BIMCO and other industry organisations to discuss the benefits of ratifying the Hong Kong Convention, Bangladesh confirmed its commitment to ratify this year, allowing the convention to enter into force.
According to BIMCO estimates, more than 15,000 ships will be recycled over the next ten years, a more than 100% rise compared with the last ten years, partly due to stricter greenhouse gas regulations facing the shipping industry.
“This year, there is a window of opportunity for the Hong Kong Convention to enter into force which could positively change the face of the recycling industry forever - we must take it,” says Loosley.
View, download, and share “Ship Recycling: Time for Change”
Feedback or a question about this information?
Posted:
26 May 2023
VPS Bunker Alerts
Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples and have kindly permitted BIMCO’s Members to access this information.
The Bunker Alerts are not intended to be an evaluation of overall bunker quality in the port or area concerned, but usually highlight a specific parameter within the fuel which has raised a quality issue.
Latest ice reports for members
Latest piracy reports
Latest industry releasable threats
ELSEWHERE ON BIMCO
Contracts & Clauses
All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.
Learn about your cargo
For general guidance and information on cargo-related queries.
BIMCO Publications
Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.
About a new business partner
We can help members check new business partners. We also help to recover millions of USD (undisputed) funds every year.
