Hong Kong Convention on Ship Recycling Now in Force

By | 2025 Newsletter week 26 | No Comments
  • The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force on 26 June 2025.
  • It sets global standards for ship recycling to protect human health and the environment.
  • Applies to ships ≥500 GT on international voyages and to authorised recycling facilities.
  • Requirements include:
    • Certified Inventory of Hazardous Materials (IHM)
    • Ship-specific recycling plans
    • Authorised and audited recycling yards
  • Ratified by key countries including Bangladesh, India, Türkiye, and EU member states.
  • The convention aims to raise safety and environmental standards across the global ship recycling sector.

Source: IMO.org

FERRY FINANCE

By | 2018 Newsletter Week 15 | No Comments

Boreal To Be Acquired By A Hong-Kong-Based Private Equity Fund

Everbright Overseas Infrastructure Investment Fund LP (EOIIF), a Private Equity Infrastructure Fund based in Hong Kong, has entered into an agreement to purchase 100% of the shares in Boreal Holding AS (Boreal).

The transaction is expected to be completed in April / May 2018.

Boreal is a big Norwegian company, operating busses and ferries, amongst others. The company’s structure, management and organization will remain unchanged.