Yards worldwide are rising to the challenge of sustainable ship recycling in response to stringent new EU regulations, but third-party supervision is still needed to ensure compliance with these rules and eliminate reputational risk for the shipowner, according to recycling consultancy Sea Sentinels.
Environmental, social and governance principles are now seen as vital to a vessel owner’s equity story as the maritime and offshore industries face mounting pressure from clients, investors, financiers and the public to ensure vessels are recycled in a safe, green and responsible manner.
News article on 5 October 2021 from shipinsight.com
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