Tackling an industry-wide problem
No less than 85% of all ships are dismantled at sub-standard facilities in South Asia. This happens despite many large shipowners having a policy on responsible ship recycling.
This is an industry problem which leads to widespread underpayments, unsafe working conditions and environmental pollution as well as an uneven playing field within the shipping industry.
No shipowner can solve this alone.
High standard and strong implementation
In the absence of relevant and enforced global legislation, market-based solutions are needed to make responsible ship recycling a reality. A high, voluntary standard must go hand in hand with strong implementation on the ground, achieved through robust supervision and audits.