Evergreen joins Ship Recycling Transparency Initiative

Evergreen has become a signatory to the Ship Recycling Transparency Initiative in order to share its aged vessels’ green recycling policy.

Evergreen has become a signatory to the Ship Recycling Transparency Initiative (SRTI) in order to share its aged vessels’ green recycling policy. The move is part of Evergreen’s commitment to plan a completely sustainable life cycle for its vessels from design, construction, operation and ultimately to decommissioning.

The SRTI, hosted by the Sustainable Shipping Initiative, is an online platform via which members report information on their ship recycling policies and activities against a set of predefined disclosure criteria. 

In the interest of transparency, Evergreen and other participating shipowners can share their approach to this critical component of environmental and socially responsible ship operations. Cargo owners and financial stakeholders, in turn will have access to this information in order to make their own informed decisions.

When planning its current fleet renewal strategy, Evergreen requires strict recycling standards for those vessels being disposed of, and also incorporates state-of-the-art design into its newbuildings so as to minimize the impact of container shipping operations both on marine life, on port communities and on humanity worldwide.

In this regard, Evergreen invests in the new 12,000-TEU class F-type vessels, of which the first in the series is already in the service network since March of this year, are equipped with a Selective Catalytic Reduction (SCR) reactor system. Such technology ensures that the vessels meet MARPOL nitrogen oxide (NOx) emission Tier III standards, which is above the current Tier II requirements. 

In addition, Evergreen ensures that all newbuildings and the ships already in service, no matter on which service trade they will be deployed, will be provided an Inventory of Hazardous Materials Part 1 (IHM Part 1) for Class approval and SoC for certification.

In a statement welcoming Evergreen, Andrew Stephens, Executive Director of the Sustainable Shipping Initiative said, “Evergreen Marine joins a growing SRTI family that includes like-minded shipowners who are holding themselves to account before key stakeholders, including clients, investors and the wider public. This includes an increasingly diverse range of stakeholders engaging on the topics of data and transparency, circularity, and the role of financial stakeholders in sustainable and responsible ship recycling in the absence of global regulation.”

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