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ARTICLE · 22 AUGUST 2023

The Green Recycling Of Ships – How Far Have We Gotten?

Gorrissen Federspiel
Gorrissen Federspiel
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Gorrissen Federspiel

Gorrissen Federspiel

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More than a decade has passed since the adoption of the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships.

DenmarkEnvironment
Peter Appel
Peter Appel

More than a decade has passed since the adoption of the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships. With a rising average age of vessels, cooling markets in some segments, appreciating steel prices and new environmental regulations, many shipowners will have to determine when, where and how to resell or recycle their older tonnage. In this newsletter we will provide an update on the international rules, the status on the Hong Kong Convention, the EUs approval of yards and the contractual developments affecting the recycling of vessels.

The international legal regimes

The waste shipment rules

Internationally, the control on the export/import of waste is mainly regulated by the 1989 Basel Convention1 which has been implemented in EU law through the Waste Shipment Regulation2. These rules apply to all forms of "waste". Vessels are deemed to be "waste" in principle when the vessels are intended (or required) to be recycled or

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