CimbriaTOC EventsCoaltrans Global 2021ViganBühler GmbHPort of South Louisiana
  • Port of Vancouver USA
  • TBA Group
  • Sailors Society
  • Port of Stockton
  • Coaltrans Global 2021
  • Port of South Louisiana

DNV GL’s safe path to recycling compliance

DNV GL’s safe path to recycling compliance

(Posted on 12/06/20)

DNV GL, the world’s leading classification society, 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.  

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.

“Ship recycling is an area where we can see significant pressure building in our industry, both from regulators, wider stakeholder groups and the public,” said Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “This means that ensuring compliance is essential for shipowners looking to protect their reputations and businesses, while building trust that their vessels are recycled in a safe and sustainable manner.”

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.

“Recent cases have shown that without a clear awareness of the risks within the complex regulatory landscape that surrounds recycling, shipowners can find themselves facing major financial and opportunity losses,” says Jannicke Eide Fredriksen, DNV GL – Maritime. “With this new guidance, DNV GL is working to support shipowners in their decisions, by setting out the standards involved and the many critical factors to consider, primarily when dealing with yards that are not included on the EU approved list.”

Latest News

New security guidance from ICS

(Posted on 11/04/21)

As recent news reports highlight, the shipping industry continues to face threats such as piracy, kidnapping... Read more


Algoma takes delivery of latest Equinox Class bulker

(Posted on 06/04/21)

Algoma Central Corporation, a leading supplier of marine transportation services, has announced that... Read more


Wavespec announces management buyout

(Posted on 06/04/21)

Wavespec, as the last technical entity within Braemar Shipping Services Plc, has announced that it is... Read more


Vaccination lottery for dry bulk sector

(Posted on 31/03/21)

INTERCARGO believes that, once again seafarers are falling victim to the lack of focus and joined up... Read more


Suez demonstrates importance of shipping

(Posted on 28/03/21)

As efforts to refloat the Ever Given continue, the International Chamber of Shipping (ICS) has released... Read more


GTMaritime moves to employee ownership

(Posted on 28/03/21)

GTMaritime has announced that it has transitioned its business to an Employee Owned Trust (EOT), in... Read more


Joint research on autonomous ships risk

(Posted on 28/03/21)

Leading classification society ClassNK has begun joint investigative research with Sompo Japan Insurance... Read more


Western Bulk looks to “promising” 2021

(Posted on 22/03/21)

Oslo-based global dry bulk operator, Western Bulk has published its 2020 Annual Report with a full year... Read more


Reducing seafarer anxiety and sadness

(Posted on 22/03/21)

International maritime charity Sailors’ Society’s Wellness at Sea training and support reduces... Read more


Great Eastern adds to bulk fleet

(Posted on 17/03/21)

The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a second-hand... Read more


Cleveland Cascades LtdTBA GroupPort of Vancouver USAThe Wolfson Centre for Bulk Solids Handling Technology Port of StocktonTelestack
  • TOC Events
  • Cleveland Cascades Ltd

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping