GMS Urges Support on Sustainable Recycling in SE Asia

  • Business & Finance

The President and CEO Anil Sharma of GMS, a cash buyer of ships for recycling, has called on owners and brokers to support sustainable recycling practices and voiced support for the increased and significant investment in South-East Asian yards.

Sharma also criticised proponents of total bans on beaching, saying: “It is just as possible to have environmentally sound and safe beaching practices at some yards in India as it is to have dangerous and hazardous recycling elsewhere.”

Sharma outlined the significant progress being made by yards in India, where the majority of the world’s ship recycling is conducted, towards building a safer and more sustainable future in their yards for workers.

Namely, in recent months the first yards in India have been certified as compliant with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC). In this context Sharma called on the industry to use those yards to support both the progress being made in those businesses and the thousands of families dependent upon them in regions where there are few other opportunities for employment.

“We are seeing significant growth in demand for HKC compliant recycling from ship owners and the yards are reaping the commercial benefits, while sending a trigger to others,” Sharma said.

“However, it is crucial that the yards and the industry as a whole receive support for these facilities and their further development from shipowners throughout the world. We urge shipowners to take advantage of sustainable recycling services and make choosing sustainable yards part of their standard business practices.”

 

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