Maersk has signed a memorandum of understanding with the government of Bahrain to establish a ship recycling initiative.
The signing ceremony was attended by strategic partners taking part in the project, which include the Arab Shipbuilding and Repair Yard Company (ASRY), SULB Company, and APM Terminals Bahrain, the operator of Khalifa Bin Salman Port.
Both the Ministry of Transportation and Telecommunications and the Ministry of Industry and Commerce will provide regulatory support to ASRY. The company will be responsible for equipping the yard and docks with the necessary requirements for the ship recycling process.
Green steel push
Maersk will serve as the technical and operational adviser, providing expertise on implementing sustainable practices and responsible standards in ship recycling.
SULB will process the steel for the local and international markets.
The MoU is the first of its kind in Bahrain. It aims to develop a ‘green steel ecosystem’ in in the nation by establishing collaboration between the government and industry stakeholders.