UN's rules restricting shipbreaking to costly eco-friendly conditions moved a step closer to enforcement with Bangladesh's ratification of the Hong Kong Convention for the safe, environmentally sound recycling of ships, reports Bangalore's Marine Insight.
Until now 20 countries have ratified the Hong Kong Convention, accounting for 30 per cent of merchant shipping's total gross tonnage. Fifteen nations with 40 per cent of the world's gross tonnage is required before current practices can be banned.
'Ship recycling will be of significant importance in meeting net zero emissions by 2050 as the existing fleet is decommissioned in coming years to be replaced by net zero vessels,' said the International Chamber of Shipping (ICS).
The Convention must be ratified by at least 15 nations, accounting for 40 per cent of global commercial shipping by gross tonnage, with a combined maximum annual ship recycling volume of not less than three per cent of their total tonnage, in order to come into force.
The two-year grace period following full ratification will allow those who suffered a shortfall in improvements due to this to catch up in terms of investment, infrastructure and training, and this can be assisted with funding from existing technical cooperation mechanisms.
SeaNews Turkey
Until now 20 countries have ratified the Hong Kong Convention, accounting for 30 per cent of merchant shipping's total gross tonnage. Fifteen nations with 40 per cent of the world's gross tonnage is required before current practices can be banned.
'Ship recycling will be of significant importance in meeting net zero emissions by 2050 as the existing fleet is decommissioned in coming years to be replaced by net zero vessels,' said the International Chamber of Shipping (ICS).
The Convention must be ratified by at least 15 nations, accounting for 40 per cent of global commercial shipping by gross tonnage, with a combined maximum annual ship recycling volume of not less than three per cent of their total tonnage, in order to come into force.
The two-year grace period following full ratification will allow those who suffered a shortfall in improvements due to this to catch up in terms of investment, infrastructure and training, and this can be assisted with funding from existing technical cooperation mechanisms.
SeaNews Turkey
