“The TradeWinds Recycling Forum is a premier event covering the industry with the active participation of all its significant players. Here, the debates and dialogues result in an impetus for progress in the industry. We are delighted to be supporting this important event and welcome the shipping community to the Lion City Singapore!” -Rakesh Khetan (Billu), CEO, WIRANA
More and more shipowners consider scrapping to be a ‘headline risk’, but still for many it’s a risk worth taking. Recycling facilities in the Indian sub continent require capital and expertise to bring them to Hong Kong Convention standards, but who will pay? Can there ever be an acceptable price worth paying for dangerous working conditions? Large scale investments in ship recycling facilities in China are planned, but are changes in global legislation needed first for such projects ever to pay?
The ship recycling market never stands still. To quote TradeWinds, ‘A lack of credit, falling prices, a disconnect between expectations and reality coupled with wider economic woes have lead to a “tumultuous” Autumn for the ship recycling industry.’ And now, following COP10 in Cartagena, international opinion appears to remain split over the controversial issue of whether the HKC provides an equivalent level of control as the Basel Convention in preventing the dumping of waste in developing countries. So can the industry now expect further legislative changes in the pipeline for shipowners and recyclers?
Whatever your priority – obtaining the best price for a ship or promoting green recycling – or both – this Forum offers the right contacts and practical guidance for you to successfully navigate the commercial, regulatory and public relations minefield.
Make sure you are up to date with the very latest changes – markets, technology and legislation when the industry meets in Singapore.
Date 12 – 13 March
For more information go to Ship Recycling Forum 2012 website