The Netherlands-based cargo owner Louis Dreyfus Company (LDC) has joined the Ship Recycling Transparency Initiative, a cross-sectoral coalition calling for increased transparency around ship recycling practices.
“By signing up to the SRTI, LDC expresses its expectation for transparency and responsible ship recycling,” Andrew Stephens, Executive Director of the Sustainable Shipping Initiative that hosts the SRTI, said.
“This is not just a problem for shipowners to solve – it requires collaboration between all key stakeholders, including shipowners, financiers and cargo owners,” he added.
“LDC is pleased to sign up to the SRTI as a cargo owner, bringing our support to transparent and responsible ship recycling as part of our philosophy to build awareness and work collaboratively,” Sebastien Landerretche, Head of the Freight Platform for LDC, commented.
“This fits well with LDC’s overall environmental commitments, and with our ongoing cooperation with shipowners and other SSI members toward a more sustainable shipping industry.”
Launched in March 2018, the SRTI is an open initiative with a mission 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.