SUSTAINABLE RECYCLINGIN THE OFFSHORE SHIPPING INDUSTRY

Opportunities for shipowners in the circular economy

Unsustainable status quo

Oversupply offshore vessels more than 1500 AHTS/PSVs in lay up world wide

200 of these vessels (weight < 2500t LT) are cold stacked in Northern European waters

Annual cost for lay up and relocation to recycling facilities in for example India or Turkey > today’s residual value of the vessels

THE SITUATION

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“Our past, our present, and whatever remains of

our future, absolutely dependson what we do now.”

SYLVIA EARLE, OCEANOGRAPHER

A percentage of the offshore fleet will need to be recycled in the next 18 months.This recycling is needed to (re)create a new balance in supply and demand.

Shipowners are no experts in green ship recycling and they don’t need to be.

Offshore Ship Recycling Rotterdam started in 2017 to become the one stop shop by combining the expertise and infrastructure of its owners and partners in Rotterdam.

This has resulted in the solution whereby shipowners sell their assets to Offshore Ship Recycling Rotterdam B.V.

We assume the responsibility over the recycling process to assure it is done sustainably, responsibly, safely and according to the current rules and regulations.

OFFSHORE SHIP RECYCLING ROTTERDAM: YOUR ONE STOP SHOP

Short distance fromlay up port to recycling yard in

Rotterdam

Port of Rotterdam strong focus on environmental regulations

Goal is 90% green recycling, all in the most sustainable

manner

Traceability of all assets to their ultimate (old and new)

owners

Facilities are ISO 9001, ISO 14001, OHSAS 18001

Dutch accreditation of ship recycling yard as per IMO

Hong Kong Convention and EU regulations 125/2013), NORM

LOCAL SUSTAINABLE CERTIFIED

WHY OFFSHORE SHIP RECYCLING ROTTERDAM

LOCAL

Distance from the present European lay up location to Rotterdam is shorter and vessels remain in EU waters / countries.

Vessels delivered at the Damen Verolme Yard with valid Inventory Hazardous Material.

All partners have their facilities in Rotterdam.

SUSTAINABLE

All steel will be re-used in Europe or at proper certified facilities of EMR abroad.

Through the network of Troostwijk Auctions the valuable/ re-usable items will be auctioned through the internet.

Waste removal company RENEWI will assure that any asbestos or other hazardous material is removed and disposed of in accordance with the

high standards in Rotterdam.

CERTIFIED

• 3 graven drydocks

• Lay by quayside

• Fully certified

• UK family owned

• World-wide operations

• Working towards 0 waste and allready recycing over

90%

• Waste to product

• Listed at LSE

• Fully certified world wide operating organization

• 90% of the waste collected is recycled

today

• Largest online auctioneer in Europe

• Over 80 years of experience in valuation

Jan Dirk Hudig (1970)Master in Law

MANAGEMENT

15+ years experience in commercial/ entrepreneurial roles in maritime industry

Last 10 years in offshore industry

Commercial/ Legal

Fokko Ringersma (1960)Master Mariner

35+ years experience in maritime industry

Last 25 years in salvage industry

MD/founder Mammoet Salvage, Rotterdam

Operational

NEXT STEPS

How to move from here to a contract

Inventory Hazardous Material assessmentShipowners are asked to present the Inventory Hazardous Material (IHM). Based on this report the value of the vessel will be established. After which an inspection will follow.

PlanningBased on the agreed residual value a Bimco Recycle Contract will be signed between

owner and Offshore Ship Recycling Rotterdam. The final phase will consist of relocation of the vessel to the yard in Rotterdam. This can be done by the owner or by

Offshore Ship Recycling Rotterdam.

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For more information:

info@osrr.nl