President Biden claims to be “viscerally angry” about the container lines who he blames for inflation, soaring freight rates, supply chain congestion and much in between. The political theatre of the Ocean Shipping Reform Act was on show in the US this week, but to help explain what it really means for shipping this week’s Lloyd’s List Podcast features two people who really know what’s going on: Federal Maritime Commissioner chairman Daniel Maffei President and CEO of the World Shipping Council John Butler.

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MOST end-of-life ships usually meet their demise on the beaches of the Indian subcontinent or Aliaga in Türkiye, with the ship recycling industry not being known for a culture of safety or environmental consciousness.

But the long-term efforts of NGOs, regulators, flag states, shipowners and the recycling industry have done much to improve things in recent years. This culminated in the landmark Hong Kong Convention for the safe and environmentally sound recycling of ships entering into force on June 26 this year.

Lloyd’s List markets editor Rob Willmington spoke to recycling industry stakeholders to find out why the Hong Kong Convention is so significant and what its implementation means for shipowners. At the same time, we asked following three years of negligible ship recycling because of strong shipping markets, when will the sale of old ships finally start to pick up again?

Joining Rob on this week’s episode are:

Anil Sharma, chief executive, GMS

Tone Knudsen Fiskeseth, principal consultant, Environment Advisory, DNV

Nikos Mikelis, chairperson, Ship Recycling Alliance

Hitesh Vyas, vice-president Middle East and green recycling coordinator, Wirana

Is shipping ready for the Hong Kong Convention?

The Gulf of Guinea has been a persistent problem when it comes to maritime security and there is good reason to be concerned that 2019 is only going to get worse. This week’s podcast examines the security situation for shipping talking to Bimco’s head of security Jakob Larsen and Senior Maritime Analyst at Control Risks, Cormac Mc Garry.

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Is shipping ready for the Hong Kong Convention?

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