A Ship Recyling Fund, matching corporate responsibility with

1,96

MB

shipping practice

37

stron

6475

ID

Greenpeace International

2005

rok

Table of contents

Preface 9

Summary 11

1 Background to the study 13

1.1 Introduction 13

1.2 The current ship scrapping market 14

1.3 The rationale to finance environmentally sound scrapping 17

2 Costs of environmentally sound scrapping 19

2.1 Introduction 19

2.2 Cost of environmentally sound scrapping 19

2.3 Demand for scrapping: supply of ships 22

2.4 Total (additional) funding requirements 24

3 Organisation of a ship recycling fund 26

3.1 Selecting the appropriate financing mechanism 26

3.2 Financing a Ship Recycling Fund 27

3.2.1 Contributions at the new built phase 27

3.2.2 Contribution during the lifetime of vessels 30

3.3 Organisation of a Ship Recycling Fund 32