Business Daily from THE HINDU group of publications
Friday, Feb 08, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Feb 08, 2008 ePaper | Mobile/PDA Version |
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Logistics
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Shipping IMO to unveil new code on ships recycling “The new IMO instrument will include regulations for the design, construction, operation and preparation of ships to facilitate safe and environmentally sound recycling, without compromising their safety or operational efficiency.” Our Bureau Mumbai, Feb. 7 The International Maritime Organisation (IMO) will be unveiling a new convention on re-cycling of ships that will provide legally binding and globally applicable ship re-cycling regulations next year. “The new IMO instrument will include regulations for the design, construction, operation and preparation of ships so as to facilitate safe and environmentally sound recycling, without compromising their safety or operational efficiency,” Mr Efthimios E. Mitropoulos, IMO’s Secretary-General, said. He said while the principle of ship recycle was sound, the working practices and environmental standards in the re-cycling facilities currently “leave much to be desired”. Moreover, in what is an unregulated industry in many parts of the world, there is clearly a tendency for those who insist on higher standards to lose out commercially. Higher standards“India’s own ship repair facilities have seemingly fallen victim to such a trend, as attempts to introduce higher health, safety and environmental standards have resulted in a downturn at some of the leading facilities,” he pointed out. The new regime governing ship recycling in India, as recently decreed by the Supreme Court, is remarkably similar to the requirements of the draft text of the IMO Convention. “This would suggest that there will be no serious impediment to India ratifying the new treaty. And of course when India does become a party to the new convention, it will have access to the potentially large market of ships that comply with the convention,” according to the IMO chief. More Stories on : Shipping | Environment
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