Classification society DNV GL has launched a new guidance on recycling to help shipowners navigate a regulatory environment that is becoming increasingly complex.
With the IMO Hong Kong Convention not yet in force, strict enforcement of the EU Ship Recycling Regulation (EU SRR) and the EU Waste Shipment Regulation (EU WSR) means shipowners must carefully plan for the end of life of their vessels.
DNV GL says that shipowners looking to make informed, economic, and responsible decisions about how to deal with vessels at the end of their lifecycles face a much stricter and more complex set of international, regional, and national requirements than in the past. With regulators targeting shipowners with significant financial penalties, even criminal offences, shipowners need a careful and considered strategy for dealing with ship recycling of their vessels.
The new guidance — Ship Recycling: Navigating a Complex Regulatory Landscape — aims to give a better basis for decisions on the recycling of vessels. It sets out the main recycling options, the legal, reputational and financial risks, and provides a process that can help to assess whether an individual yard is likely to carry out recycling to an acceptable level, in line with recognised regulations and standards.
This process has been designed by DNV GL to provide owners a template for action, in the absence of internationally accepted certifications outside the EU scheme, when they are dealing with yards not on the EU approved list.
Jannicke Eide Fredriksen of DNV GL – Maritime says the new guidance can help shipowners become more aware of the risks within the complex regulatory landscape that surrounds recycling so as to avoid major financial and opportunity losses.
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