Page 15 - INTERCARGO's ESG Review 2024

I INTERCARGO ESG REVIEW 2024
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SHIP RECYCLING
INTERCARGO has been actively involved with ship Before the entry into force of HKC, the EU Ship Recycling
recycling, especially to assist the dry bulk shipping sector Regulation (EU SRR) affects non-EU-flagged vessels,
in its transition to a regulated environment in this field. The as non-EU flag ships calling at a port or anchorage of an
IMO’s Hong Kong Convention for Safe and Environmentally EU member state shall have a certified IHM. Every EU-
Sound Recycling of Ships (“HKC”) will enter into force on flagged vessel planned to be recycled shall have a Ready
26 June 2025, according to which: new ships shall have an for Recycling Certificate (RfR) and only be sent to recycling
International Certificate on IHM (Inventory of hazardous yards on the European List of Ship Recycling Facilities (EU
materials) from 26 June 2025 and all existing ships shall List).
have an International Certificate on IHM latest by 26 June
2030. IHM is a detailed and certified document, outlining INTERCARGO represents the views of the dry bulk shipping
all the existing hazardous material onboard ships. IHM community on this subject and makes continuous efforts
preparation is based on documentation provided by the to find solutions to the challenges of ship recycling, always
suppliers in the form of Material Declarations (MDs) and taking into consideration safety and environmental
Suppliers Declaration of Conformity (SDoC). MD and SDoCs standards.
should be provided for all machinery, equipment, materials
and coatings installed on board a vessel. The MD and SDoC
contain information on whether hazardous materials are For more information, you may visit: https://www.
present in the specified products, placed onboard. intercargo.org/ship-recycling/

INTERCARGO stresses the importance of a holistic approach to environmental regulation. Shipping is on a
journey to decarbonize which in the short term to mid-term will mean finding efficiencies and ultimately
using less power. However, regulations such as the Ballast Water Management Convention effectively
require vessels to use more power and thus produce more emissions, meaning that one environmental
regulation can potentially have a negative effect on another. INTERCARGO flags such issues to the
regulators and invites them to recognize the consequences of all regulations and how they may impact
each other.

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