At present there is no mandatory policy concerning vessel recycling, however, the International Maritime Organization (IMO) has been working on guidelines to be implemented by registered ship owners, flag states, shipbuilding companies, recycling state and recycling organizations. The IMO Guideline on Ship Recycling Resolution A.962 (23) is an extended document aiming at guiding different parties on ship recycling. Although Euronav’s fleet is young, vessel recycling is an important matter on which the company is actively working. Because of its importance, all Euronav’s vessels built since 2006 came out of the construction yard with their Green Passport: Cap Theodora, Olympia, Antarctica, Cap Philippe, Cap Guillaume, Cap Charles, Cap Victor, Cap Lara, Cap Felix, Felicity, Fraternity, Eugenie, Devon, Maria, Capt. Michael and Alsace.
The green passport is a significant item of the recycling policy and is a document that follows the entire life of a vessel, beginning from the construction yard. This document or software application should be updated on a regular basis by all parties involved during the life cycle of a vessel. It contains information such as ship particulars, details from the construction yard and, most importantly, information about every product ever used for the construction and operation of the vessel. This voluntary effort encourages environmentally sound recycling, scrapping and sustainable development in the commercial shipping industry.