Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ (2nd Edition) launched by a wide coalition of international shipping industry organisations in Jan 2016.
The purpose of the new ‘Transitional Measures’ is to help shipowners ensure to the greatest extent possible that their end of life ships will be recycled at facilities that are compliant with the standards enshrined in the IMO Hong Kong Convention, in advance of the global regime entering into legal force. BIMCO were involved in the development of the guidelines as part of a cross-industry working group involving ICS, the International Association of Classification Societies (IACS), IPTA, Intercargo, Intertanko, OCIMF and the International Transport Workers’ Federation (ITF).
