Ship recycling – has the industry met its own perfect storm?

With the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entering into force in two years’ time, will this bring a change for the industry and make recycling of ships easier, or will it change little in practical terms?

With the influx of newbuild box ships soon to enter the market and IMO decarbonisation regulations making older ships difficult to trade, BIMCO estimates 15,000 ships will need recycling in the next ten years. Against an uncertain macroeconomic backdrop, the demand for sustainable recycling of vessels, and a complex and fragmented regulatory framework, make compliance and the physical scrapping of deep-sea tonnage challenging.

Join Jos Standerwick, CEO Maritime London, as he moderates a panel discussion exploring how the sector will respond to the current market conditions, what shipowners should be considering when thinking of the life cycle of the asset, the role that ship recycling plays in the industry’s wider ESG obligations and what other market participants need to consider. He will be joined by Philip Roche and Michael Jurgen Werner of Norton Rose Fulbright together with other industry figures to cover all angles of this interesting topic.

This event is co-hosted by Maritime London and Norton Rose Fulbright.

This event is invitation only and places are limited. To register your interest please email: marketing.transport@nortonrosefulbright.com