Marco Polo Marine Ventures Into Green Ship Recycling

SINGAPORE – Media OutReach – 5 January 2022 – Marco
Polo Marine Ltd. (SGX:5LY)
a reputable regional integrated marine logistics company
announced that its subsidiary, P.T. Marcopolo Shipyard, has ventured into green
ship recycling, to help shipowners recycle their end-of-life ships in a safe
and environmentally sound manner.

In addition to being awarded the permit by local
authorities to conduct ship recycling activities, the Group has also become the
first shipyard in Indonesia to be certified and awarded the ISO 30000:2009
certificate. The ISO 30000 certification is recognised globally and often a
prerequisite by shipowners as the shipping industry look to comply with the new
European Union (EU) Regulation on Ship Recycling and the International Maritime
Organization (IMO) Hong Kong Convention.

Mr Sean Lee, Chief Executive Officer of Marco Polo
Marine, commented: “Given the growing interest in
sustainability by the shipping industry, we are excited to expand our shipyard
services to include green ship recycling. With the ISO certification by ABS  QE, ship-owners can be assured that their
vessels are recycled in safe and environmentally sound facilities.”


I would like to congratulate Marco Polo for this achievement. ABS
and Marco Polo Marine have worked together since 2009, supporting new
construction projects, Classing of existing fleet, certifying Ship Management
Systems for drydocking and approval in principle (AIP) to validate new
technologies. Additionally, we have partnered on joint development programs on the
design of new sustainable vessels
.” said Pier Carazzai ABS Vice President South
Pacific Region – Business Development.

The ISO 30000 certification is a significant milestone on Marco
Polo Marine’s journey to sustainable shipping. We are honoured to have
supported this process
.” Added Dominic
Townsend, President, ABS Quality Evaluations.

The maritime industry has come under mounting
pressure from various stakeholders to ensure vessels are recycled in a safe and
responsible manner. To promote transparency across the shipping value chain and
accelerate a voluntary market-driven approach to responsible ship recycling
practices, the Ship Recycling Transparency Initiative (SRTI) [1]
was also launched in 2018. Since its launch, the SRTI has received over 20
including major shipowners such as MAERSK, NYK and Crowley, signalling the shipping
industry’s strong intent and efforts to pursue on its sustainability and green
recycling efforts.

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