Moving in lock-step with the addition of our new tonnage is the responsible retirement of tonnage that is replaced as it reached the end of its economic life. By far the most environmentally efficient solution to this retirement is the responsible and environmentally sound recycling of ships through which over 99% of the ship by weight is reused, either ‘as is’ or in re-constituted form.
CNCo has a Sustainable Ship Recycling Policy in place stating that all vessels at the end of their working life will be sent for recycling to yards that, as a minimum and even prior to its full ratification, adhere to the Hong Kong International Convention for the Safe and Environmental Sound Recycling of Ships (HKC) that was adopted on 15th May 2009 and that, are certified by a reputable independent third party to ISO 9001:2015, ISO 14001:2015, OHSAS 18001:1999 and preferably, ISO 30000:2009. This policy ensures that CNCo recycles its assets in a sustainable, safe and in an environmentally responsible manner.
During the year, we oversaw the successful sustainable recycling (zero injuries, zero pollution incidents, increased level of HKC compliance and social commitment) of MV Island Chief, at an HKC compliant Ship Recycling Facility (SRF) in India (Plot 13).
Recycling started in December 2018 and all works were completed in April 2019. The SRF fully accepted our requirement for external independent auditing, visits by our GM SD and the stationing of a HKC “Compliance Monitoring Team” at the SRF at all times when demolishing work was taking place. This was at additional discretionary cost to CNCo, and helped ensure that capacity-building continued and that standards and best practices were maintained throughout the recycling process.
The SRF willingly accepted all third-party advice on improving operations from all three parties who were empowered to stop any / all work if it was seen that personnel were in danger, or potentially coming into danger of injury, or that there as a risk of an environmental pollution event. This is a noteworthy paradigm shift in extended producer responsibility (EPR) as with the exchange of the bill of sale, CNCo, as prior owners, no longer had any liability or responsibility for the ship.
MV Island Chief sustainable recycling statistics:
Swire Pacific’s Sustainable Development Office produced and launched the Sustainable Ship Recycling video which explains our commitment to Sustainable Ship Recycling. The video is available on CNCo’s website.
You can read more about the mitigated environmental impacts and health, safety and social impacts of Sustainable Ship Recycling here: http://bit.ly/2kzlUhV
Eco-Office and Green Guidelines