The platform comes nine months after a group of shipping companies first announced their collective effort to make responsible ship recycling the norm.
In 2017, 835 ships were recycled out of a world fleet of 50,000, according to SRTI, which said there are no global regulations on ship recycling.
The SRTI is neither a standard nor a rating tool. It is an online platform that shipping companies can use to disclose relevant information on ship recycling. The information is available to industry stakeholders as well as the broader public.
The SRTI is hosted by the Sustainable Shipping Initiative and brings together shipowners, investors, banks, insurers, cargo owners and other key stakeholders from across the maritime industry. Its founding signatories are shipowners The China Navigation Company, Hapag-Lloyd AG, A.P. Møller – Maersk, NORDEN, Stolt Tankers and Wallenius Wilhelmsen; financial stakeholders GES, Nykredit and Standard Chartered Bank; classification society Lloyd’s Register; and sustainability nonprofit Forum for the Future.
“At the SSI we see responsible ship recycling as a critical issue that needs to be addressed through smart interventions like increasing transparency,” said SSI Co-chair Stephanie Draper. “The SRTI is an opportunity for shipowners, cargo owners, investors and others to collectively demand transparency, and through that, better standards. We think that the industry can lead by working across the supply chain to change itself, and it is great to be shaping this positive example of that.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now