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IRClass Systems and Solutions Pvt. Ltd. (ISSPL), an entity promoted by Indian Register of Shipping (IRClass), has certified four leading ship recycling yards in Alang as an ‘Independent Verifier’, in accordance with the requirements of the European Union Ship Recycling Regulation (EUSRR).
The four yards which have met the standards set by the EU and the Hong Kong Convention are: Priya Blue Industries; Shree Ram Vessel Scrap; R.L. Kalathia Ship Breaking; and Leela Ship Recycling.
These recycling yards are India’s first recycling yards to be certified based on EU standards and have submitted their applications for inclusion in the EU recognised yards list.
On an average, close to 6.2 million gross tonnes is scrapped in India every year, which accounts for around 33% of the total scrapped tonnage in the world. Recently, however, health and environmental concerns have led to the adoption of new policy regimes at an international level.
The policy on EUSRR mandates vessels under the EU flag to be scrapped in recognised ship breaking yards. In the past four years, approximately 310 EU flagged vessels were scrapped, out of which 107 were scrapped in India, amounting close to 4.3 million tons in deadweight. Getting this recognition from the EU could allow these Indian yards to become a preferred option in coming years.
In another development, IRClass has recently made significant changes to its senior management, as part of an organisational restructuring exercise, realigning the position of chairman and managing director and creating two new senior positions. Arun Sharma, who is now the executive chairman, will focus on matters related to broader policy, overall strategy and mentoring. The board of directors have also approved the appointment of Suresh Sinha and Vijay Arora as joint managing directors.
