15+15 webinar: Unveiling the Future: How Transparency Shapes Ship Recycling for a Greener Steel Sector

Did you know that over 70% of end-of-life vessels find their way to South Asia for recycling? Beyond just being a source of scrap steel for the industry, this practice holds great potential for reducing carbon intensity and promoting sustainability. Discover how initiatives like the Ship Recycling Transparency Initiative (SRTI) are shaping the future of this industry with their innovative "Yard Assessment Framework" and uncovering the transformative power of sustainable ship recycling towards a greener, more responsible future. Regulatory landscape evolution: assessing ship recyclers performances to promote responsible practices through an independent tool. Ship recycling and green steel: a blueprint for sourcing sustainable steel scrap from ship recycling. The role of finance stakeholders in ship recycling. Join this 15+15 where Christoph Wolff , CEO of Smart Freight Centre and leading the strategic direction of the Ship Recycling Transparency Initiative will dive into the future of ship recycling and answer your questions in the LIVE Q&A.

New membership benefit: The latest in-depth information on the second-hand, newbuilding and recycling markets

New high-quality reports have been added to the website as a service to our members.

Ireland, Baltimore - Garbage Removal

Over 15,000 ships could be recycled by 2032, up more than 100% on the last 10 years

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years.

COVID-19 causes problems for implementing EU legislation

The COVID-19 pandemic affects the industry’s endeavours to implement the upcoming European Union’s Ship Recycling Regulations (EUSRR) and many shipowners may not be able to finalize the required Inventory of hazardous materials (IHM) prior to the deadline.

BIMCO Films

The new digital BIMCO Bulletin is out

The new BIMCO magazine the “Bulletin” is out with articles covering the effect of the US-China trade war, the 2020 sulphur limit and the challenges of ship recycling and ballast water management. “The shipping industry is taking major steps and making huge investments to be ready for (2020) compliance. It is only fair that the nation states party to Annex VI of the MARPOL Convention live up to their end of the agreement,” BIMCO’s Secretary General, Angus Frew, points out in his foreword. Also, read the latest market analysis by Peter Sand and read why now is the wrong time to do business as usual as the trade war rages on.

Record high ship deliveries boost container fleet capacity by 4.3%

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January.

BIMCO calls for plan to minimize plastic waste entering the ocean

BIMCO is calling for an action plan to ensure that adequate facilities for plastic waste disposal and processing for recycling are available ashore, as such facilities are a prerequisite for preventing plastic from entering the ocean when delivered to port reception facilities by the ships.

The March issue of the Bulletin magazine is out

Get the latest insight and interviews in the new edition of BIMCO’s Bulletin magazine.