The Ship Recycling Transparency Initiative’s (SRTI) online platform launched Monday.
The platform comes nine months after a group of shipping companies first announced their collective effort to make responsible ship recycling the norm.
In 2017, 835 ships were recycled out of a world fleet of 50,000, according to SRTI, which said there are no global regulations on ship recycling.
The SRTI is neither a standard nor a rating tool. It is an online platform that shipping companies can use to disclose relevant information on ship recycling. The information is available to industry stakeholders as well as the broader public.
The SRTI is hosted by the Sustainable Shipping Initiative and brings together shipowners, investors, banks, insurers, cargo owners and other key stakeholders from across the maritime industry. Its founding signatories are shipowners The China Navigation Company, Hapag-Lloyd AG, A.P. Møller – Maersk, NORDEN, Stolt Tankers and Wallenius Wilhelmsen; financial stakeholders GES, Nykredit and Standard Chartered Bank; classification society Lloyd’s Register; and sustainability nonprofit Forum for the Future.
“At the SSI we see responsible ship recycling as a critical issue that needs to be addressed through smart interventions like increasing transparency,” said SSI Co-chair Stephanie Draper. “The SRTI is an opportunity for shipowners, cargo owners, investors and others to collectively demand transparency, and through that, better standards. We think that the industry can lead by working across the supply chain to change itself, and it is great to be shaping this positive example of that.”
The platform comes nine months after a group of shipping companies first announced their collective effort to make responsible ship recycling the norm.
In 2017, 835 ships were recycled out of a world fleet of 50,000, according to SRTI, which said there are no global regulations on ship recycling.
The SRTI is neither a standard nor a rating tool. It is an online platform that shipping companies can use to disclose relevant information on ship recycling. The information is available to industry stakeholders as well as the broader public.
The SRTI is hosted by the Sustainable Shipping Initiative and brings together shipowners, investors, banks, insurers, cargo owners and other key stakeholders from across the maritime industry. Its founding signatories are shipowners The China Navigation Company, Hapag-Lloyd AG, A.P. Møller – Maersk, NORDEN, Stolt Tankers and Wallenius Wilhelmsen; financial stakeholders GES, Nykredit and Standard Chartered Bank; classification society Lloyd’s Register; and sustainability nonprofit Forum for the Future.
“At the SSI we see responsible ship recycling as a critical issue that needs to be addressed through smart interventions like increasing transparency,” said SSI Co-chair Stephanie Draper. “The SRTI is an opportunity for shipowners, cargo owners, investors and others to collectively demand transparency, and through that, better standards. We think that the industry can lead by working across the supply chain to change itself, and it is great to be shaping this positive example of that.”
Upcoming FreightWaves Events
AI
Register Now
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
July 15, 2026
The Old Post • Chicago, IL
FreightTech
Register Now
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
October 27, 2026 – October 28, 2026
The Signal at Chattanooga Choo Choo • Chattanooga, TN
AI
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register Now
FreightTech
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now