Spain accedes to HK Convention

Following the accession of Spain, 17 states have announced plans to ratify the convention, representing approximately 29.77% of the gross tonnage of the world’s merchant shipping.

The convention which will enter into force 24 months after ratification by 15 states, representing 40% of the world merchant shipping by gross tonnage, and a combined maximum annual ship recycling volume not less than 3% of their combined tonnage.

The main obstacle to the entry into force of the HKC has been the third condition, relating to recycling capacity, as this will require either Bangladesh or China to ratify the convention. At present, Bangladeshi breakers face the prospect of a loss of throughput if the HK Convention were to enter force before the main yards have been recognised as complying with the HKC’s requirements.

Unlike India, Bangladeshi recycling facilities have not been awarded many Statements of Compliance. A recent blogpost by cash buyer GMC noted that 2 yards in Bangladesh had been awarded SOCs, while only one Chinese facility has been awarded an SOC.

The Convention covers the design, construction, operation and maintenance of ships, and preparation for ship recycling in order to facilitate safe and environmentally sound recycling, without compromising the safety and operational efficiency of ships.

Under the treaty, ships to be sent for recycling are required to carry an inventory of hazardous materials, specific to each ship. Ship recycling yards are required to provide a Ship Recycling Plan, specifying the manner in which each ship will be recycled, depending on its particulars and its inventory.