The “Ship Recycling: Time for Change” initiative, spearheaded by BIMCO, highlights the urgent need for safer and more environmentally sound ship recycling. The Hong Kong International Convention (HKC), which aims to ensure safe and environmentally sound recycling, is set to enter into force on June 26, 2025. This initiative emphasizes the importance of responsible ship recycling for a sustainable circular economy.
Key aspects of the initiative
Safe and environmentally sound recycling: The Hong Kong Convention sets standards for safe ship recycling, minimizing risks to human health and the environment.
Circular economy potential: The initiative recognizes the potential of recycled materials, like steel, to contribute to a circular economy.
Industry film and awareness campaign: BIMCO has created a film to raise awareness among ship owners, regulators, and the public about the importance of safe and responsible ship recycling.
Global call to action: The initiative calls for ship owners to choose globally compliant recycling yards and for the Hong Kong Convention to enter into force.
Compliance with regulations: The initiative emphasizes the need for ship owners to comply with relevant regulations, including the Hong Kong Convention.
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Source: BIMCO
