Smart Freight Centre to be the new host for the Ship Recycling Transparency Initiative (SRTI)
Amsterdam, March 13, 2023 - SRTI will be hosted by Smart Freight Centre (SFC). SRTI was founded as a purpose-driven community with a focus on responsible recycling of ships and will keep its status as a unique group within SFC.
SRTI will be hosted by Smart Freight Centre (SFC). SRTI was founded as a purpose-driven community with a focus on responsible recycling of ships and will keep its status as a unique group within SFC. The SRTI signatories will not automatically become SFC members but are invited to join SFC as Base or Premium members if they want to get involved with other SFC programs. SRTI will be managed by a dedicated SRTI Manager, who will be announced soon.
The Ship Recycling Transparency Initiative (SRTI) uses transparency to drive progress on responsible ship recycling by way of a one-stop shop online platform to report information on policies and practices against a set of predefined disclosure criteria.
The SRTI reflects a collective effort that brings together stakeholders across the shipping value chain to improve ship recycling policy, practice and performance. The SRTI aims 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. They publish a progress report each year compiling data from the platform and highlighting stakeholder perspectives on ship recycling. The platform launched in December 2018 with eleven founding signatories. Since its launch, the SRTI community has grown to 31 signatories (investors, insurance providers, banks, OEMs and including 14 disclosing shipowners). SRTI and SFC are on a shared mission to work towards a more transparent, responsible and sustainable shipping industry. Synergies between the organizations include an overlap in members/signatories as well as competencies – with SFC already having experience of hosting Clean Cargo and other data-driven initiatives.
Smart Freight Centre as host is closely linked to the shipping sectors and the multi- stakeholder approach needed to tackle complex sustainability challenges, as well as the benefits of data and transparency for those stakeholders looking to clearly show their commitment to leadership and accountability.
SRTI was founded as a purpose-driven community with a focus on responsible recycling of ships. SRTI will keep its status as a unique group within SFC - SRTI signatories will not automatically become SFC members but are invited to join SFC as Base or Premium members if they want to get involved with other SFC programs.
Read more about SRTI here.