Sustainable Ship Recycling: A Call to Action for Global Stakeholders In a significant stride towards environmentally responsible ship recycling practices, Pakistan recently joined the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC). Dr. Bev Mackenzie, Head of Intergovernmental Engagement at BIMCO, highlights that with [...]
The ship recycling market has maintained a passive tempo The current market exhibits a notable lack of activity and a dearth of optimism regarding any potential alterations in its prevailing pattern. Contrary to expectations, the Indian market experienced a rather unexpected outcome following the Diwali festivities, as opposed to the [...]
Ship Recycling 2.0: Unlocking the Game-Changing Potential of HKC The Hong Kong Convention, set to take effect in 2025, marks a pivotal moment for the ship recycling industry. In a recent interview, Gard’s Special Adviser, Kim Jefferies, discussed the implications of the convention with Herman Steen, a Partner at Wikborg [...]
In the past week, Bangladeshi ship recyclers didn’t acquire any new ships, but there have been two undisclosed deals involving the arrival of a handymax bulker and a car carrier at Chattogram beach. Mariner Associates CTG, a shipowner based in Chattogram with a fleet of 12 handymax and supramax bulkers, [...]
IndustriALL, an organization focused on improving working conditions, recently brought together representatives from the government, shipbreaking yards, and local unions in Bangladesh. The purpose of this meeting, which took place on August 30th, was to discuss plans following the country’s endorsement of the Hong Kong Convention. This international agreement, officially [...]
The International Ship Recycling Association (ISRA) has released a press statement expressing its appreciation for Bangladesh and Liberia’s recent ratification of the Hong Kong Convention (HKC), which was adopted in 2009. This ratification means that the criteria for the convention to enter into force in June 2025 have now been [...]
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, also known as the Hong Kong Convention, is set to enter into force on June 26, 2025. This comes after Bangladesh and Liberia deposited the instrument of accession with the International Maritime Organization (IMO) on June [...]
The International Chamber of Shipping (ICS) has expressed its appreciation for Bangladesh’s decision to ratify the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention), emphasizing the significance of this step. So far, 20 countries, accounting for approximately 30% of global merchant shipping’s [...]
Bangladesh is planning to ratify the Hong Kong Convention on recycling ships in early June. The Hong Kong Convention is an international treaty established by the International Maritime Organization (IMO) to ensure that ships being recycled at the end of their operational lives do not pose risks to human health, [...]
