Ship recycling is a fundamental part of the shipping value chain. At the end of a vessel’s commercially viable life, shipowners have a responsibility to ensure that it is recycled responsibly and in a manner that minimises impact to human health and the environment.
At BW LPG, we have established a safe and sustainable process for ship recycling where we closely manage the entire process to ensure alignment with both internal and external expectations for safe recycling. We limit our selection of a ship recycling facility to those which are ISO 30000 certified and approved by a class society, and operate in full compliance with the Hong Kong Convention. ISO 30000 certification provides a transparent process and allows BW LPG to monitor vital parts of the ship recycling management system.
Where possible, we will pre-inspect the facility and have a BW LPG representative on site with ‘stop-work authority’ throughout the demolition process.
Before sailing to the recycling facility, we will prepare an Inventory of Hazardous Materials document (IHM, also called a green passport), and collaborate with the recycling facility to formulate a safer and more environmentally sound plan for decommissioning the vessel.
We recycle our vessels in full compliance with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships1 and the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal. There are also undertakings under our various loan facilities to comply with international ship recycling regulations.
We are also governed by an internal Ship Recycling Policy that mandates that all vessels are recycled in a safe and environmentally sound manner. This includes conducting due diligence audits prior to committing to a ship recycling facility and having a BW LPG representative on site to ensure that the facility acts in an ethical, legal and socially responsible manner.