76 shipbreakers in India are now HK-compliant

GMS, the world’s largest cash buyer of ships for recycling, has revealed that there are now 76 yards in India that are compliant with the Hong Kong Convention (HKC) for safe and environmentally sound recycling of ships, including a growing number that have obtained their statement of compliance from various classification societies.

Moreover, there is one yard in Bangladesh, PHP, which is now compliant with the Hong Kong Convention, giving owners more choice to end their ships in a greener fashion than was previously possible in south Asia.

The rapid advances made in India come at an opportune time. As of yesterday, China, which had led the world in green ship recycling, has stopped all imports of foreign ships destined for recycling.

“Advancements in the industry are ongoing and we at GMS look forward to further improvements and progress across the board going into 2019 and perhaps the EU approval of several subcontinent yards to further catapult the positive trajectory of the industry overall,” GMS stated in a recent weekly report.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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