Shipowners looking to make informed, economic and responsible decisions about how to deal with vessels at the end of their lifecycles face a much stricter and more complex set of international, regional and national requirements than in the past. With regulators targeting shipowners with significant financial penalties, even criminal offences, shipowners need a careful and considered strategy for dealing with ship recycling of their vessels.
DNV has created a guidance paper to support shipowners’ recycling decisions, in particular for yards that are not featured on the European List. Facilities on the European List have undergone a more thorough verification process than facilities not listed. Currently there is no comparable service in the market which to the same extent enables shipowners to have the confidence that these unlisted yards are meeting basic regulatory compliance.