Vessel Dismantling and Recycling Process

In the first step, the Inventory of Hazardous Materials (IHM) of a vessel is reviewed to detect any additional hazardous substances that may be present. This includes not only operational waste, but also materials stored on the vessel, such as fuel oil, lubricating oil, and ballast water. The IHM is finalized following the review by the classification society and the verification by on-site inspectors. In the second step, a pre-survey is conducted for accurate assessment of the types and quantities of hazardous materials in order to prepare for ship dismantling. Based on the assessment results from the previous stages, the third step entails selection of a recycling yard that is suitable for the vessel's structural characteristics and nature of the identified hazardous substances. In the final step, a qualified ship recycling supervisor is dispatched to the vessel recycling site to oversee and manage the entire dismantling process. Pan Ocean plans on adhering to these four procedures for dismantling and recycling of vessels.