Ship Recycling Transparency Initiative
What happens when a vessel reaches retirement age?
We believe in responsible ship recycling, something we've practiced for years. That's why we support the work of the Ship Recycling Transparency Initiative.
Ship owners, ship recyclers and other stakeholders in the shipping value chain have different approaches to ship recycling, ranging from responsible practice to approaches with negative social and environmental consequences.
Wallenius Wilhelmsen is firmly committed to green and responsible recycling of vessels according to industry-leading social, environmental and ethical standards.
We responsibly recycle vessels at craned berths and landing facilities which we pre-vet to ensure worker welfare and safety is front of mind, and to ensure that materials are recycled and waste is treated in an appropriate and traceable manner. We have a contracted representative on site to supervise the entire process, with the authority to stop work for safety, welfare or environmental reasons.
Download our Responsible Vessel Recycling Policy.
Download details on all WW vessels recycled since 2000.
The Ship Recycling Transparency Initiative (SRTI) is a ‘one stop shop’ online platform to report information on ship recycling against a set of pre-defined disclosure criteria developed jointly by key industry stakeholders. In the interest of transparency, shipowners should share their approach on key disclosure criteria on the SRTI online platform. Cargo owners and financial stakeholders will have access to information on different companies’ approaches to ship recycling and make informed decisions.
Launched in March 2018, the SRTI is an open initiative with a mission to accelerate a voluntary market-driven approach to responsible ship recycling practices through transparency; and subsequently to inform decision-making and create fair competition across the shipping industry.