Dubai-headquartered GMS, a global buyer of ships for recycling, says it has been issued what it calls the world’s first International Ready for Recycling Certificate (IRRC) since the entry into force of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) on June 26.
According to GMS, the certificate was issued by the Liberian Registry for the vessel R Pisces.
Regarding the certificate received, GMS states, “This development places both GMS and the Liberian Maritime Authority at the forefront of regulatory implementation under the new international framework.”
The IRRC confirms that the vessel meets all required conditions under the convention, including the inventory of hazardous materials, an approved ship recycling plan, and selection of a recycling facility with valid authorization.
The company says R Pisces is scheduled to be recycled at Leela Responsible Recycling LLP, located in Alang, India.
Vishaal Raj Soni, CEO, Leela Group of Ship Recycling Yards, praised the collaboration between shipowners, cash buyers, flag administrations, and certified recycling facilities.
“We are honored that R PISCES will be recycled at our facility as part of the first IRRC issued under the Hong Kong Convention. This achievement is not just a certificate. It represents a benchmark for how the future of ship recycling should be approached,” he said.
Faidon Panagiotopoulos, senior trader of GMS, stated: “This first IRRC issued under the Convention is a significant step forward for ship recycling. It demonstrates that regulatory compliance and responsible asset disposal are achievable through preparation, technical knowledge, and cooperation between all parties involved.”
The Hong Kong Convention sets out international requirements for ship recycling to improve safety, environmental protection, and transparency.
