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Wednesday, June 26, 2019 

According to Lloyd's Register, dismantling ships is widely thought of as one of the most dangerous professions, both for workers and the environment, with high levels of fatalities, injuries and work-related illnesses stemming mainly from hazardous materials on board.

The Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships (HKC) considers most of the ship scrapping methods today to be unacceptable and sees recycling as the most environmentally friendly solution, through re-use of most of the ship’s materials, as well as the best way to protect human life.

The HKC still awaits ratification, needing 15 states, representing 40% of world merchant shipping by gross tonnage, before it can go into force. In May Malta became the 12th signatory, meaning we are three states away from the HKC becoming the official standard setter for ships at the end of their useful lives, with some demolition facilities and states already implementing its requirements.

Recently, Y.S. Investments’ ship recycling yard became Lloyd’s Register’s (LR) first Indian recycling facility to comply with HKC and the EU’s Safe and Environmentally Sound Recycling of Ships (EUSRR) regulation following certification - a great milestone for LR, India and the industry.

“By becoming fully compliant, safe and sustainable, it’s clear that Y.S. Investments care about their people, their land and the environment,” said Udi Bar-Lev, LR’s Global Manager for Ship Inspection & Assessment. This a great sign of improvement in the Alang area in India, with the hope that Y.S. Investments is added to the EU list of approved facilities later this year.

“We are seeing an increase in safe and responsible ship recycling, with Clarksons forecasting that 670 vessels will be recycled out of the 53,719 strong global fleet in 2019.  However, there’s still a long way to go and this certification is a great step in the right direction.” Bar-Lev stated.

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