Through our materiality assessment, Odfjell has identified ship recycling as a specific and significant topic due to its potential environmental and social impacts. Odfjell’s ship recycling policy is built on the principles of safety, environmental responsibility, and respect for human rights. We are committed to recycling vessels only at certified facilities that comply with the Hong Kong Convention, EU Regulation No. 1257/2013, and ISO 30000 standards. These facilities must meet strict requirements for handling hazardous materials, ensuring safe working conditions, and minimizing environmental impact.
We recognize that ship recycling, particularly in certain regions, carries heightened risks for workers and the environment. To mitigate these risks, we conduct thorough due diligence, maintain oversight during the recycling process, and work only with partners who can demonstrate adherence to our standards. By applying these measures, we ensure that the end-of-life phase of our vessels supports circular economy principles, recovers valuable materials, and safeguards the welfare of workers involved. This approach reflects our broader commitment to responsible lifecycle management of our fleet and the highest standards of ethical and sustainable operations.
Read more about Ship Recycling and our Ship recycling Policy in our Sustainability statement.
