Ocean Network Express advances green strategy with ship recycling policy

Ocean Network Express (“ONE”) has advanced its Green Strategy by implementing a Ship Recycling Policy and joining the Ship Recycling Transparency Initiative (SRTI), reinforcing its commitment to responsible practices and environmental stewardship. Both moves align with ONE’s efforts to enhance transparency, promote ethical operations, and uphold high environmental standards throughout the entire lifecycle of its vessels.

As ONE continues to expand its owned fleet, the Company is strengthening its commitment to the safe and environmentally responsible decommissioning of ships at the end of their operational life.

In line with this commitment, ONE has established a Ship Recycling policy, requiring that all ONE vessels be recycled only at certified and reputable recycling facilities that operate in compliance with applicable international regulations and standards. In joining the SRTI, ONE will disclose its ship recycling policies and practices, supporting the initiative's efforts to enhance accountability and sustainability within the maritime industry by encouraging voluntary data disclosure from shipowners.

Michimasa Noda, Senior Vice President, Sustainability, says, “The development of our Ship Recycling Policy, together with our participation in the SRTI, marks a meaningful step forward in our ‘Clean Ship Recycling’ initiative - one of the seven key pillars of ONE’s Green Strategy.” He adds, “We remain committed to fulfilling our responsibilities as a shipowner and to promoting safe, environmentally sound, and socially responsible ship recycling practices across the maritime industry.”

ONE’s announcement coincides with the upcoming entering into force of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) on June 26, 2025. The HKC stipulates that the recycling of vessels must be conducted in a manner that does not pose any unnecessary risk to human health, safety and the environment.