Inventory Hazardous Materials offshore support vessel business case

^{By: Jeroen Berger, July 13, 2017}

The Ship Recycling Regulation (no. 1257/2013) enters into force on 30 December 2013. According to the regulation, many ship owners and shipping companies will be required to have on board an up-to-date inventory of hazardous materials (IHM). Our partner Metizoft has been selected as the supplier of the inventory of hazardous materials for the total fleet (55 offshore support vessels in total) from Farstad Shipping ASA.

About Farstad shipping ASA

The Norwegian shipping company Farstad Shipping ASA is a leading organization in the offshore sector for large and medium-sized offshore support vessels. The organization operates in 23 different countries with a clear focus on the markets in North and West Europe, Brazil and Asia Pacific. Farstad Shipping was founded in 1988 and has nowadays around 1725 highly qualified employees. Their goal is to have zero injuries to people, zero harm to the environment and zero loss or damage to equipment.

Why an inventory of hazardous materials?

Through a framework contract Metizoft provides its inventory of hazardous materials service for the 55 offshore support vessels from Farstad Shipping. This allows the shipping company to meet the DNV Class notation CLEAN DESIGN. This Class notation requires a continuously updated inventory of hazardous materials (IHM) on board of the vessels.

In addition, Farstad Shipping is prepared for future environmental legislation and regulations thanks to Metizoft’s IHM service. For example, in the near future having an up-to-date inventory of hazardous materials on board will be mandatory for EU-flagged seagoing vessels of 500 GT and over. Only then Farstad Shipping can be eligible to receive a IHM certificate, also called as “Green Passport”.

This IHM certificate / “Green Passport” will allow Farstad Shipping to continue dismantling its offshore support vessels. In this case only at ship recycling facilities which are listed on the European list of ship recycling facilities meeting the requirements set by the new ship recycling regulation.

When are the new ship recycling requirements planned?

The illustration below shows clearly when the ship recycling requirements are planned.

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