R. Anthony Salgado and Natalie M. Radabaugh ●
Many Mainbrace readers are likely aware that the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (the “HKC”), is set to enter into force on June 26, 2025, following its ratification by Liberia and Bangladesh last June. Since then, Pakistan, a major ship recycler, and the Marshall Islands, a major flag state, have also ratified the HKC, thereby amplifying its importance to the shipping industry.
However, not all of our readers may be aware of what the HKC requires or who it may impact within the shipping industry. Accordingly, this article summarizes some of the key provisions of the HKC and discusses certain potential impacts and considerations for various entities within the industry. (National laws applicable to ship recycling that are not based on the HKC are beyond the scope of this article.)
Continue reading “Summary of Impact of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships”