This means the convention for safe and environmentally sound recycling of ships will finally enter into force in two years’ time after a 14-year wait.
While many shipbreaking yards in India are already compliant with the HKC, this will allow time for other yards - including those in Bangladesh - to upgrade their facilities to gain compliance once the HKC becomes international law.
That will contribute to a much-needed increase in HKC-compliant shipbreaking capacity, given that as many as 15,000 ships will need to be recycled by 2032 due to decarbonization regulation, according to Bimco.
Sea Sentinels, with a track record of safe and sustainable ship recycling projects in South Asia and elsewhere, can provide yard vetting advice as well as supervision to ensure HKC standards are implemented and safeguard the ESG profile of shipowners.
Rakesh Bhargava, CEO
Tel: +60 12 215 0137