Hong Kong Convention enters into force in 2025
After the recent accession of Bangladesh and Liberia, the International Convention for the Safe and Environmentally Sound Recycling of Ships will enter into force in two years time. The Hong Kong Convention sets mandatory standards for the recycling of seagoing ships and regarding materials used on board.

In recycling countries such as Bangladesh and India so called "Beaching" is still common practice. Beaching is a dismantling method where seagoing vessels are beached (driven onto a flat sandy beach at high speed) for subsequent manual dismantling often without any regards to environmental or occupational health and safety standards.

However, so far only a few recycling facilities outside of Europe have been certified according to the EU Ship Recycling Regulation. In many cases this has led to shipping companies selling their out-of-service ships to somewhere outside of the EU where the ships then fly a non-EU flag and get recycled in south Asia.
The adoption of the Hong Kong Convention in 2009 as well as the EU Ship Recycling Regulation have contributed to the recent shift in awareness. Many of the internationally established recycling yards in India and Bangladesh are currently adjusting their ship recycling practices to the requirements of the Hong Kong Convention. Right on time too, since the shipping organization BIMCO estimates that within the next ten years about 15,000 seagoing ships will need to be recycled.