Guy Campbell

Guy Campbell


Independent Trustee

A dry cargo specialist, Guy Campbell became a Baltic Exchange member in 1991 having commenced his career as a shipbroker at JE Hyde & Co. He joined Koch Industries in 1997, spending 10 years as a Chartering Manager and eventually as Director, Ocean Freight for Koch Carbon LLC. After a further six years as Dry Cargo Managing Director at the world’s largest shipping service provider Clarksons, Guy joined The China Navigation Co Pte Ltd; the deep sea ship owning and operating arm of the Swire Group where he is General Manager (Atlantic), Swire Bulk. His broad shipping career has included broking, chartering, freight and derivative trading and operating.

Guy served as Chairman of the Baltic Exchange’s Freight Market Information Users’ Group in 2005 at a time of migration from OTC derivatives trading toward a modern FFABA contract. The period also saw the introduction of clearing to the FFA market which ultimately enabled the market to survive the disruptions of 2008. He served on the Board of the Baltic Exchange from 2009-2016, eventually as Chairman (2014-2016) Chairing the shareholder sale to SGX in 2016, the most important transition in the Baltic Exchange’s 272 year history.


Andrew Stephens

Andrew Stephens


Executive Director, Sustainable Shipping Initiative

Andrew has a truly international background in the maritime industry, working for leading maritime service providers, in the position of Chief Operating Officer, such as Wilhelmsen Ships Service and Wallem Group, in a career which has seen him working in the UK, UAE, USA, Norway and Hong Kong. He was responsible for leading and managing business transformation, continuous improvement, integration and change management programmes, drive strategic planning and implementation consequently delivering on improved customer satisfaction, business performance and efficiency.

After a successful period in both international groups he joined The Sustainable Shipping Initiative in August 2018, where he is responsible for leadership of the Secretariat.

Andrew is a Fellow of the Chartered Institute of Management Accountants (FCMA/CGMA) by profession, with further education in High Performance Leadership at IMD (Switzerland) plus Mergers and Acquisitions Strategy at the London Business School.

Andrew and his wife have three children, who were born in three different continents making, for them, the world feel like a smaller place and one in which they have enjoyed much diversity and made many long lasting friends.


Press Release: Evergreen Marine joins the Ship Recycling Transparency Initiative

London, 3 August 2020 – Evergreen Marine Corporation (Taiwan) Ltd. becomes the eleventh shipowner to publicly disclose its approach to ship recycling through the Ship Recycling Transparency Initiative (SRTI) online platform.

In a corporate statement Evergreen said, “We are committed to the planning of a completely sustainable life cycle for our vessels from design, construction, operation and ultimately to decommissioning. As such, we are delighted to join SRTI, through which signatories can share their ship recycling information via an online platform, helping the industry to improve its eco-friendly recycling policies and practices, and to work together in sustaining an ‘ever green’ global environment.”

“We believe transparency is a key driver of change in the ship recycling value chain,” said Andrew Stephens, Executive Director of the Sustainable Shipping Initiative that hosts the SRTI. “We welcome Evergreen Marine to the growing SRTI family that includes like-minded shipowners who are holding themselves to account before key stakeholders, including clients, investors, and the wider public.”

The shipowner, headquartered in Taiwan, is the fifth signatory to join the SRTI in 2020, bringing the total number of signatories to 26.

The SRTI continues its growth and development conducting outreach across and beyond the industry. The recent SRTI webinar series has seen an increasingly diverse range of stakeholders engaging on the topics of data and transparency; circularity; and the role of financial stakeholders in sustainable and responsible ship recycling, in the absence of global regulation.

See Evergreen Marine's SRTI disclosure

More on the Ship Recycling Transparency Initiative


Decarbonisation: Sustainable biofuels for shipping

Time period: 2018-2021

Members involved: Bunge, The China Navigation Company, Forum for the Future, IMC, Lloyd’s Register, Louis Dreyfus Company, Maersk, Oldendorff Carriers, RightShip, South32, WWF

Partners: Forum for the Future, GreenFuelHub

Ocean transportation is currently the most environmentally sound mode of transport in terms of CO2 emissions per tonne of cargo transported. Despite this, shipping is still responsible for 2.6% of total global anthropogenic CO2 emissions, which is broadly equivalent to the emissions of Germany.

The adoption in April 2018 of the IMO initial strategy on the reduction of greenhouse gas (GHG) emissions from ships sets out a vision to reduce GHG emissions from international shipping and phase them out entirely in line with the goals of the Paris Agreement. For this to be possible, zero-emission vessels (ZEVs) must enter the global fleet as soon as possible.

In May 2018, the SSI released a report on Zero Emission Vessels (ZEVs) as part of its Low-Carbon Shipping working group, following which members agreed to embark on a deep dive into biofuels, which concluded in June 2021 with the release of the Availability of sustainable biofuels report.

The SSI aims to bring together a diverse range of stakeholders to contribute thought leadership, canvass different perspectives, convene debate, and feed into the ongoing and wider dialogue on decarbonisation, zero emission shipping and the role of sustainable biofuels in the energy transition

Phase 1 (2018) of the deep dive into biofuels for shipping generated an internal SSI knowledge paper raising nine key questions facing the shipping industry surrounding its adoption of biofuels. Following this, SSI members agreed on the need for wider engagement within and beyond the maritime industry to respond to these questions and the emerging challenges in the ongoing debate on biofuels for shipping.

Phase 2 (2019) saw the launch of an inquiry into the sustainability and availability of biofuels for shipping, conducting an extensive stakeholder consultation process throughout 2019 – facilitated by sustainability non-profit Forum for the Future – that brought together a diverse range of stakeholders encompassing actors in shipping, climate, energy among other sectors. The inquiry sought to answer the question: “Based on an in depth stakeholder engagement on the viability, suitability and sustainability in the context of the wider system – What is the role that biofuels play, if any, in the decarbonisation of shipping?”

Phase 3 (2020-21) further unpacked outstanding issues and unanswered questions raise in phase 2’s inquiry, drawing on academic research, industry reports, and publicly available data to outline the current landscape for biofuels in shipping, covering biofuel types and production methods, use and trials in shipping, as well as the challenges surrounding availability and shipping’s role in the broader bioeconomy.

The role of sustainable biofuels for shipping

News & Resources



Ship Recycling Transparency Initiative

Time period: 2018-Present

Governance: The Ship Recycling Transparency Initiative is an independent initiative hosted by the SSI.

It is governed by a Steering Group composed of representatives from the following organisations: Altera Infrastructure, The China Navigation Company, CMA CGM, Hapag-Lloyd, Lloyd’s Register, A.P. Møller-Maersk, Nykredit, Standard Chartered Bank, Stolt Tankers, Teekay, and Wallenius Wilhelmsen.

Launched in 2018 following the work of the SSI’s ship recycling working group, the Ship Recycling Transparency Initiative (SRTI) is an open initiative with a mission to improve transparency across the shipping value chain, increase disclosure of ship recycling policies and practices, and enable and encourage cargo owners, financial stakeholders and others to make informed decisions that will in turn drive improved performance.

The SRTI provides a platform through which shipowners can publicly disclose their ship recycling policies, practices and progress, thereby holding themselves to account before key stakeholders – including customers, investors, governments and NGOs – and for the benefit of the wider public. This access to publicly disclosed data enables cargo owners, financial stakeholders and other groups to make informed decisions and reward good practice through the market.

The SRTI aims to accelerate a voluntary market-driven approach to responsible ship recycling practices through transparency; and subsequently to influence and improve decision-making about ship recycling, creating an industry-wide level playing field. 

The platform launched in 2018, allowing shipowners to report information on ship recycling against a set of pre-defined disclosure criteria developed by key industry stakeholders.

Since its launch, the SRTI community has grown to 26 signatories including 11 disclosing shipowners. Signatories include a number of SSI members, but have grown beyond SSI to include financial institutions such as Nykredit and Gard, cargo owners like BMW and John Deere, and shipowners like Wallenius Wilhelmsen and CMA CGM.

See a full list of SRTI signatories

In 2019, the SRTI launched its first annual report at Tradewinds 2019 Ship Recycling Forum, compiling data on the ship recycling approaches of 7 shipowners. In 2020, the second annual report was launched, now covering 9 major shipowners operating a total of 2,433 vessels (~36% of the global container fleet’s tonnage).

Throughout 2020, the SRTI has hosted a series of webinars (in lieu of a physical Roundtable in London postponed due to the COVID-19 pandemic) focusing on three key themes for the SRTI’s further development: data and transparency, circular economy, and the role of financial stakeholders. The series culminated in a virtual roundtable event on September 9, 2020.

In June 2020, the SRTI collaborated with Lloyd’s Register and Lloyd’s List on an episode of the Lloyd’s List Shipping Podcast focused on ship recycling. Featuring SRTI Steering Group members Lloyd’s Register, NORDEN, Standard Chartered Bank and the SSI/SRTI Secretariat, the podcast presented a unique opportunity to discuss the role of data and transparency in improving ship recycling, and to bring the conversation to the broader maritime community.


Driving change in ship recycling: Stakeholder perspectives

The Ship Recycling Transparency Initiative has collaborated with Lloyd’s Register and Lloyd’s List on a special edition of the Lloyd’s List Shipping Podcast. Moderated by Lloyd’s List Managing Editor Richard Meade, the podcast brings together industry experts to look at how different maritime stakeholders approach and understand ship recycling.

In the past decade, regulatory efforts seeking safer ship demolition have seen many organisations reassess their activities – much has been achieved but there is much more that can be done.

Leading players in ship recycling share their insights on what works, what doesn’t, the shift in industry sentiment around recycling and the challenges ahead, with a key focus of the discussion being on the role of data and transparency in driving change.

Moderator:

Richard Meade, Managing Editor, Lloyd’s List

Richard is currently responsible for Lloyd’s List agenda-setting output of news and analysis with ambitions to lead the online revolution for valuable business journalism. Richard joined Lloyd’s List in 2006 after jumping ship from the weekly maritime magazine Fairplay where he ran the news and features desk. He took the traditional route into shipping analysis, via a degree in psychology and a two-year stint at the Financial Times Group.

Panelists:

Andrew Stephens, Executive Director, Sustainable Shipping Initiative/Ship Recycling Transparency Initiative

Andrew has a truly international background in the maritime industry, working for leading maritime service providers, in the position of Chief Operating Officer, such as Wilhelmsen Ships Service and Wallem Group, in a career which has seen him working in the UK, UAE, USA, Norway and Hong Kong. He was responsible for leading and managing business transformation, continuous improvement, integration and change management programmes, drive strategic planning and implementation consequently delivering on improved customer satisfaction, business performance and efficiency. After a successful period in both international groups he joined The Sustainable Shipping Initiative in August 2018, where he is responsible for leadership of the Secretariat.

Jennifer Riley-James, Senior Ship Recycling Specialist, Lloyd’s Register

Jennifer is the Senior Ship Recycling Specialist for the Lloyd’s Register Group (LR) responsible for development and management of LR’s ship recycling services, including IHM and end of life. She also represents LR recycling interests on several external bodies. UK based, Jennifer joined LR in 2015 with a background in research, science and policy.

Kristina Kunigenas, Sustainability Manager, NORDEN

Kristina Kunigenas has been working with governance and sustainability-related issues since 2006. Latest as a Sustainability Manager with the shipping company NORDEN (since 2017), working on NORDEN’s sustainability strategy, various policies and initiatives, and several areas of reporting. Before joining NORDEN, Kristina worked at a Danish pension company (PFA) and the Danish Export Credit Agency (EKF). She has also worked in advisory in San Francisco, California.

Roger Charles, Executive Director, Environmental and Social Risk Management

Roger Charles is an Executive Director in the Sustainable Finance team at Standard Chartered in Singapore. In his role, he leads in delivering technical environmental and social expertise to business transactions and client advisory globally, ensuring project financing adheres to international standards on sustainability and best practice. He has in-depth expertise in several sectors including energy, shipping and ship recycling, manufacturing, and agribusiness including forestry and palm oil; With over 20 years’ experience in various roles within the oil and gas industry, his areas of expertise include technical environmental and safety engineering, impact assessment, and corporate sustainability strategy, implementation and assurance. For complete bio, please visit http://linkedin.com/in/rcharlesuk


SRTI Webinar Series: Data, circularity and financial stakeholders

Following the postponement of the Ship Recycling Transparency Initiative (SRTI) in-person roundtable event (March 2020) due to COVID-19, the SRTI community is instead meeting at a series of themed webinars between April and June 2020. Each webinar covers a theme of relevance to the SRTI's vision and responsible ship recycling: data and transparency, circular economy, and the role of financial stakeholders.

The webinar series forms an important part of the SRTI’s further development, identifying areas for expansion of the disclosure criteria against which shipowners are currently disclosing, and stakeholders’ use of this data. They will also explore common themes and concerns for the potential development of disclosure criteria for ship building yards and ship recycling facilities, to be shared in a final online roundtable event, scheduled to take place later this year.

SRTI Steering Group member Simon Bennett, General Manager – Sustainable Development at The China Navigation Company facilitated the first webinar, which focused on the role of data and transparency in driving responsible ship recycling.

35 participants attended the webinar, representing a diverse range of our stakeholder groups and including shipowners, ship recycling facilities, NGOs, financial stakeholders, among others.

Webinar participants by stakeholder group

Read the summary and learn more about the webinar series here.

Read more about the Ship Recycling Transparency Initiative.


SSI Impact: News from our journey to 2040

The SSI Newsletter is published quarterly and is the place to find news from the SSI community, our partners and the impact of our collective work along our journey to a sustainable shipping industry by 2040.

Subscribe to SSI Impact: News from our journey to 2040

Read the latest issue of SSI Impact (01/2020)

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Low Carbon Shipping

Time period: 2014-2018

Members involved: AkzoNobel, Bunge, Cargill, Lloyd’s Register, IMC, Maersk, RightShip, Wärstilä, WWF

Partners: University College London (UCL), University Maritime Advisory Services (UMAS)

Ocean transportation is currently the most environmentally sound mode of transportation in terms of CO2 emissions per tonne of cargo transported. Despite this, shipping is responsible for 2.6% of total anthropogenic CO2 emissions, which is broadly equivalent to the emissions of Germany.

The IMO’s third Greenhouse Gas (GHG) study (2012) predicted that CO2 emissions from shipping could increase by as much as 50-250% by 2050, based on a business as usual scenario. This could result in shipping emissions growing to as much as 17% of total global emissions.

If the targets set by the UNFCCC COP21 Paris Agreement are to be achieved, then shipping must reduce levels of emissions by as much as 80% below 2012 baselines. This represents a major challenge and requires a move away from fossil fuels as the primary fuel source and the widespread adoption of alternative fuels and clean technology.

Our Vision is of a shipping industry that is changing to a diverse range of energy sources, using resources more efficiently and responsibly, and dramatically reducing greenhouse gas intensity.

The shipping industry and the IMO urgently need to be proactive in creating a framework of regulation, and plan for tangible GHG reduction targets, otherwise the industry risks facing unilateral and regionalized measures, unsuitable for an international shipping industry.

The SSI has become a leading voice within the industry concerning carbon reduction, and in the run up to, and in the wake of, MEPC 69 and 70 (2016) the SSI has promoted a strong case in favour of change and action within the shipping industry.

Specifically, the SSI has been calling upon the International Maritime Organization to develop a framework that would lead to the implementation of carbon reduction targets for the shipping industry, and therefore welcomed the announcement by the IMO in October 2016 of the plan to develop an IMO roadmap for CO2 emission controls for the shipping industry.

SSI members have demonstrated to the wider industry that there are already many innovative ways to reduce CO2 emissions as well as to make financial savings. SSI members have shown leadership by sharing these practices through case studies developed by SSI in 2013 and available to download. For example, AkzoNobel’s marine coatings business, International®, which has developed the first carbon credits methodology for international shipping, recognising and financially rewarding ship-owners for investing in clean technology.

In 2015, the SSI supported its position on low carbon by commissioning academics at University College London (UCL) to conduct research examining the CO2 reductions required to limit global emissions such that global warming stays within the UNFCCC below 2 degrees target. The study demonstrated that a disconnect exists between present day stakeholder attitudes, and the challenge faced by the industry. Even in the most moderate scenario, carbon intensity reduction beyond what would be considered ‘commercially viable’ by our members was shown to be required.

In 2017, the SSI commissioned Lloyd’s Register and University Maritime Advisory Services (UMAS) to undertake a study examining the viability of zero emission vessels entering the trans-oceanic fleets from 2030, and the key drivers that would be required in order to achieve this outcome. The study shows that advanced biofuels may represent the most economically feasible zero-emission alternative for the shipping industry but face two key issues: sustainability and availability.

The findings of the 2018 study by Lloyd’s Register and UMAS led to the development of a decarbonisation working group with the goal of conducting further work around the sustainability and availability of biofuels.


Ship Recycling

Time period: 2014-2018

Members involved: ABS, The China Navigation Company, Lloyd’s Register, IMC, Maersk, Priya Blue, U-Ming

The recycling of decommissioned ships is an integral part of the maritime lifecycle. However, the process of ship recycling is a highly complex and contentious issue, with increasing importance being placed on improving sustainability standards within ship breaking and recycling operations.

The social and environmental risks of ship recycling are well-documented and recognised to include environmental, occupational health and safety risks, and well as community health and safety exposure.

Despite these significant risks, there are no effective global regulations in force to ensure a consistent approach to ship recycling. International conventions provide only partial coverage of material aspects associated with ship recycling.

Shipowners, ship recyclers, and other stakeholders in the ship recycling value chain have different policies and practices that often are not clearly defined. Because of this, good practice is not always rewarded, and bad practice can often go unchecked.

To create a world where ships are recycled responsibly – socially, environmentally and economically – meeting and going beyond international conventions and norms.

2015-2017: The SSI hosted three successful ship recycling roundtables, in 2015, 2016 and 2017 which coincided with the TradeWinds Ship Recycling Forum. These events brought together key stakeholders from across the industry: shipowners, recycling yards, NGOs and financial institutions.

They provided a platform to discuss the key issues, successes and future aspirations of the sector, and were a forum for companies to have constructive conversations on a difficult topic.

As well as the roundtables, the SSI worked on the development of a baseline minimum standard for responsible ship recycling. Our members are on the ground driving improvements at selected yards and are bringing about significant and tangible improvements in recycling practices that not only comply with, but exceed, those laid down in the Hong Kong Convention.

2018: This working group on Sustainable Ship Recycling has been transformed into an independent platform hosted by the SSI: The Ship Recycling Transparency Initiative (SRTI).

The SRTI is an open initiative with a mission to accelerate a voluntary market-driven approach to responsible ship recycling practices through transparency; and subsequently to inform decision-making and create fair competition across the shipping industry.