Progress Report: 2022
Progress Report 2022
The Ship Recycling Transparency Initiative (SRTI) publishes an annual progress report presenting an extract of the most salient data disclosed via the SRTI platform by fourteen major shipowners, which operate over 3,600 vessels. Each shipowner’s disclosure can be viewed on the SRTI website.
2022 saw the SRTI growing its signatories, welcoming three new signatories. The initiative was present as panelist at the ACI (Ship Recycling Congress) held in Rotterdam (The Netherlands,), the Responsible Ship Recycling Forum organized by Riviera and held in London (UK) as well as the round table organized by the International Union of Marine Insurers (IUMI).
Use the button below to download a of the 2022 Progress Report.
Loading...
Reload document 
Open in new tab 
Smart Freight Centre to be the new host for SRTI
Amsterdam, March 13, 2023
Smart Freight Centre to be the new host for SRTI
SRTI will be hosted by Smart Freight Centre (SFC). SRTI was founded as a purpose-driven community with a focus on responsible recycling of ships and will keep its status as a unique group within SFC. The SRTI signatories will not automatically become SFC members but are invited to join SFC as base or premium members if they want to get involved with other SFC programs. SRTI will be managed by a dedicated SRTI Manager, who will be announced soon.
Smart Freight Centre is an international non-profit organization focused on reducing greenhouse gas emission from freight transportation. SFC’s goal is to guide the global logistics industry to track and reduce its GHG emissions by one billion tonnes by 2030 and reach zero emissions by 2050 or earlier. SFC collaborates with global partners to quantify impacts, identify solutions, and advocate logistics decarbonization strategies.
Organizations on their journey to freight decarbonization can become members of Smart Freight Centre to access to a wide portfolio of initiatives and projects to help them collaborate to improve their GHG emission performance and supply chain economics. Membership unlocks solutions through several SFC programs, including Global Logistics Emissions Council (GLEC), Clean Cargo, Sustainable Freight Buyers Alliance (SFBA), and an (under development) air transport decarbonization initiative.
Smart Freight Centre has 150 + member and partner organizations, being shippers, cargo owners, MNCs and LSPs.
SRTI and SFC are on a mission to work towards a more transparent, responsible and sustainable shipping industry. Synergies between the organizations include an overlap in members/signatories as well as competencies – with SFC already having experience of hosting Clean Cargo and other data-driven initiatives.
Smart Freight Centre as host is closely linked to the shipping sectors and the multi- stakeholder approach needed to tackle these big sustainability challenges, as well as the benefits of data and transparency for those stakeholders looking to clearly show their commitment to leadership and taking responsibility.
Find out more about Smart Freight Centre here www.smartfreightcentre.org
Yang Ming becomes signatory to the Ship Recycling Transparency Initiative
London/Keelung, 14 September 2022 – Yang Ming Marine Transport Corporation is the latest shipowner to become a signatory to the Ship Recycling Transparency Initiative (SRTI) and publicise its recycling policies, practices and processes.
Yang Ming operates across Asia, Europe, America and Australia with a fleet of 95 vessels with a 7.837-million-D.W.T / operating capacity of 690,000 TEUS, of which container ships are the main service force.
In a corporate statement Yang Ming said, “To strengthen our ESG commitment, Yang Ming vows to ensure greater transparency in ship recycling practices by joining the Ship Recycling Transparency Initiative (SRTI). Through disclosing ship recycling policies, we will fulfil our promise of safeguarding human and environmental rights from shipyard to scrapyard. This approach will pave the way to a safer and greener ship recycling industry, and consequently, creating sustainable value for Yang Ming’s stakeholders. “
“It is vital that all stakeholders work together to create a sustainable shipping industry, and this includes transparency at all stages of the ship lifecycle. The more transparency we have in ship recycling, the more we are able to raise the bar and improve the standards.” said Andrew Stephens, Executive Director of the SRTI. “We are glad to welcome Yang Ming to the SRTI community and look forward to working with Yang Ming and other signatories to ensure ship recycling transparency everywhere.”
Yang Ming joins 30 signatories in the SRTI and adds to 13 other shipowners who demonstrate their commitment to transparent and responsible ship recycling by holding themselves to account and making their ship recycling policies public. The company’s disclosure can be viewed via the SRTI platform.
– ENDS –
Notes to Editors:
For more information, interviews or comment please contact Elizabeth Petit, Head of Communications, Sustainable Shipping Initiative (e.petit@sustainableshipping.org) or Yang Ming (pr@yangming.com).
About the Ship Recycling Transparency Initiative (SRTI)
The Ship Recycling Transparency Initiative (SRTI) is an independent initiative hosted by the Sustainable Shipping Initiative. It reflects a collective effort that brings together the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance. The SRTI adopts a voluntary market-driven approach to sustainable ship recycling practices. As an online platform, it promotes exchange of information on ship recycling practices and guidelines, and helps ensure greater transparency in the maritime sector.
To learn more, view and download the SRTI Theory of Change infographic; or explore the data.
www.shiprecyclingtransparency.org
Follow us on LinkedIn and Twitter (@SustShipping)
#ShipRecyclingTransparency
#ShipRecycling
About Yang Ming
As of July of 2022, Yang Ming operates a fleet of 95 vessels with a 7.837-million-D.W.T / operating capacity 690 thousand TEUS, of which container ships are the main service force. The Company offers trustworthy, scheduled container transportation service across Asia, Europe, America, and Australia.
Yang Ming constantly upgrade its fleet and services in hopes of maintaining its position as one of the world’s best carriers. In response to environmental protection, Yang Ming follows the Hong Kong Convention in 2009 and eliminates old ships by means of green recycling. The Inventory of Hazardous Materials (IHM) has been prepared on board, and the first stage (IHM Part I) of the hazardous materials and pollutant areas on the vessel has been completed to protect the health of the construction workers, human rights, and marine environment. Buyers are required to choose a green ship recycling facility that holds Hong Kong Convention (HKC) and ISO certification as well. For ship dismantling after the sale, Yang Ming also continues to track the progress with buyers and ship recycling facilities, proof and certification of the completion of dismantling are required. Looking into the future, Yang Ming will increase disclosure of it ship recycling policies and practices to promote responsible ship recycling in the industry. Yang Ming will continue to pay attention to ESG issues while taking proactive approaches to manage and tackle them. Step by step, the Company will achieve the ultimate goal of a better and sustainable future.
Seaspan Corporation joins Ship Recycling Transparency Initiative
London/Vancouver, 14 June 2022 – Seaspan Corporation (Seaspan), a wholly-owned subsidiary of Atlas Corp. (NYSE:ATCO), is the latest shipowner-operator to join the Ship Recycling Transparency Initiative (SRTI) and publicise its recycling policies, practices and processes.
Seaspan is the largest global containership lessor, primarily focused on long-term, fixed-rate leases with the world’s largest container shipping liners. As at March 31, 2022, Seaspan’s operating fleet consisted of 132 vessels with a total capacity of 1,147,980 TEU, and an additional 67 vessels under construction, increasing total fleet capacity to 1,959,380 TEU, on a fully delivered basis.
“Sustainable ship recycling can provide benefits to both the global environmental and local communities. But this is contingent on having strong governance and transparent recycling practises in place. Without such the industry quickly risks doing more harm than good.” said Torsten Holst Pedersen, Chief Operating Officer of Seaspan. “Seaspan looks forward to working with SRTI to promote responsible and safe ship recycling practices.”
“It is encouraging to see momentum continue to build behind the importance of transparency and accountability on sustainability issues such as ship recycling, which covers environmental, social and governance factors, during this decade of action.” said Andrew Stephens, Executive Director of the SRTI. “We are glad to welcome Seaspan to the SRTI community, increasing the SRTI’s profile in North America, and look forward to working together to raise awareness of the need for transparency and collaboration around responsible and safe ship recycling.”
Seaspan is one of 13 disclosing shipowners in the SRTI and joins like-minded and leading shipowners holding themselves to account before key stakeholders, including customers, investors, and the wider public. Earlier this year, the SRTI saw Volkswagen Group Logistics become a signatory to the initiative, increasing awareness of the ship recycling challenge among cargo owners.
– ENDS –
Notes to Editors:
For more information, interviews or comment please contact Elizabeth Petit, Head of Communications, Sustainable Shipping Initiative (e.petit@sustainableshipping.org) or Will Kostlivy, Investor Relations, Atlas Corp., (media.inquiries@atlascorporation.com).
About the Ship Recycling Transparency Initiative (SRTI)
The Ship Recycling Transparency Initiative (SRTI) is an independent initiative hosted by the Sustainable Shipping Initiative. It reflects a collective effort that brings together the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance. The SRTI adopts a voluntary market-driven approach to sustainable ship recycling practices. As an online platform, it promotes exchange of information on ship recycling practices and guidelines, and helps ensure greater transparency in the maritime sector.
To learn more, view and download the SRTI Theory of Change infographic; or explore the data.
www.shiprecyclingtransparency.org
Follow us on LinkedIn and Twitter (@SustShipping)
#ShipRecyclingTransparency
#ShipRecycling
About Seaspan
Seaspan is the largest global containership lessor, primarily focused on long-term, fixed-rate leases with the world’s largest container shipping liners. As at March 31, 2022, Seaspan’s operating fleet consisted of 132 vessels with a total capacity of 1,147,980 TEU, and an additional 67 vessels under construction, increasing total fleet capacity to 1,959,380 TEU, on a fully delivered basis. For more information, visit www.seaspancorp.com
Volkswagen Group Logistics joins Ship Recycling Transparency Initiative
LONDON/WOLFSBURG, 27 January 2022 – Volkswagen Group Logistics today announces it has become a signatory of the Ship Recycling Transparency Initiative (SRTI). Volkswagen Group Logistics joins peers across the shipping value chain including insurance providers, investors, shipowners and others in calling for transparent, responsible ship recycling practices.
The SRTI enables cargo owners such as Volkswagen Group Logistics, financial stakeholders and others to use data provided by shipowners to inform their decision making, creating demand for responsible ship recycling and rewarding good practice through a voluntary market-driven approach.
Simon Motter, Head of Volkswagen Group Logistics, said: “An important component of our responsible actions is the careful use of resources. That is why it is important to us as Volkswagen Group Logistics to support and promote issues such as sustainability in shipbuilding, ship recycling and maritime transport as a whole.”
“Addressing challenges in ship recycling is a shared responsibility, and we are glad to have Volkswagen Group Logistics join the SRTI community and lead by example, showing how cargo owners can be aware of and take responsibility for their full supply chain, going above and beyond what is required.” Andrew Stephens, SRTI’s Executive Director, said. “We look forward to working with VW Group Logistics to raise the profile of this issue and bring awareness to others who may want to consider how the vessels that carry their cargo are being recycled.”
As the 31st signatory of the initiative, Volkswagen Group Logistics recognises its role in leading the way and coming together with other key stakeholders to raise the standard for a responsible and transparent ship recycling industry, thus resulting in a more responsible and transparent supply chain overall.
– ENDS –
Notes to Editors:
For more information, interviews of comment please contact Elizabeth Petit, Head of Communications, Sustainable Shipping Initiative (e.petit@sustainableshipping.org).
About the Ship Recycling Transparency Initiative (SRTI)
The Ship Recycling Transparency Initiative (SRTI) is an independent initiative hosted by the Sustainable Shipping Initiative. It reflects a collective effort that brings together the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance. The SRTI adopts a voluntary market-driven approach to sustainable ship recycling practices. As an online platform, it promotes exchange of information on ship recycling practices and guidelines, and helps ensure greater transparency in the maritime sector.
To learn more, view and download the SRTI Theory of Change infographic
www.shiprecyclingtransparency.org
Follow us on LinkedIn and Twitter (@SustShipping)
#ShipRecyclingTransparency
#ShipRecycling
About Volkswagen Konzernlogistik GmbH & Co. OHG
Volkswagen Konzernlogistik GmbH & Co. OHG is part of the Volkswagen Group and one of the 10 largest logistics service provides in Germany. With its more than 750 employees, Volkswagen Konzernlogistik manages a logistics network of multiple brands, production sites and customers including material logistics, vehicle logistics and intra factory logistics. Each year, Volkswagen Konzernlogistik organizes and coordinates the transport of around 250,000 containers and 5.6 million vehicles worldwide, of which roughly 2.8 million vehicles are loaded and shipped on around 7,700 vessel departures.