Industry Leadership

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Industry Leadership

CNCo is a founding member and an active participant of the Sustainable Shipping Initiative (SSI). The SSI is a coalition of shipping leaders from around the world, formed to take practical steps to tackle some of the sector’s greatest opportunities and challenges. The group is working to achieve a vision “of an industry in which sustainability equals success”.

By being an active member of the SSI, we work alongside our competitors, regulators, suppliers, financial institutions etc., united by the common goal to show that collaborative action is possible, and to mobilise support across the whole shipping supply chain from factory gate to consumer, demonstrating that shipping can contribute to and (will only) thrive by operating in a sustainable manner.

We continue to develop a “beyond compliance” model for sustainable recycling of ships. We are advocating for ship owners to take full responsibility for ship recycling in line with Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships and ISO standards.

In 2015 we pre-audited four Ship Recycling Facilities (SRF) in India, together with a surveyor from an International Association of Classification Societies member. This enabled us to be assured that the selected SRF are operating in/ beyond basic compliance with the Hong Kong International Convention even prior to its full ratification, together with all the applicable ISO standards. We will be sustainably recycling up to two ships at the end of their economic lives in 2016 and will report on these in greater detail in our next report.


We work alongside our competitors, regulators, suppliers, financial institutions etc., united by a common goal towards sustainability.