China Navigation Company I Sustainable Ship Recycling

The China Navigation Company Ltd. (“CNCo”) is one of a small group of companies that has been working for over five years to help develop more sustainable Ship Recycling Facilities (“SRF”). This has been evidenced most recently in the Alang-Sosiya area on the coast of Gujarat state in western India; to help develop willing and proactive SRF to operate in an environmentally and socially responsible manner during the recycling of ships at the end of their economic lives.

CNCo sets strict standards, based on both its company policies and global standards such as the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships (“HKC”), even prior to its coming into force internationally, that must be met by SRF before they will be accepted as tenderers. CNCo then establishes clear contractual arrangements with the selected Ship Recycling Facilities, through which CNCo will work with the yards to encourage them to continually raise standards, conditions and work practices.