Shades of Green: A Stakeholder Analysis of the Ship Recycling Industry and its Challenges

Elizabeth Petit González & Thordis Alda Thordardottir

Student thesis: Master thesis

Abstract

This paper aims to answer the question of how sustainable ship recycling (SSR) is perceived by industry stakeholders, and how it has been codified into regulation and implemented in the ship recycling industry. To answer this question, we utilize a case study methodology, using mixed method qualitative data collection methods to gather data from industry stakeholders. We then conduct a stakeholder analysis based on stakeholder groups identified by relevant literature, ranging from shipowners and shipbreakers, to national and international regulators, to financiers and NGOs, among others. We collect data from stakeholders on their views on the industry, the sustainable ship recycling concept, the industry’s regulatory framework, and how the SSR principle has been implemented by shipowners and shipbreakers. This paper finds that stakeholders in the ship recycling industry perceive social and environmental sustainability to be of main importance in considering sustainable ship recycling. The main pieces of regulation in this industry, the Hong Kong Convention and the EU Ship Recycling Regulation mirror this perception in their core purpose and regulatory texts. Furthermore, we find that though stakeholders are concerned with the effectiveness of existing regulation, they are generally positive towards the regulations and optimistic about its potential to improve the industry. Finally, we find that among the stakeholders considered in this research, significant efforts have been made to implement sustainable ship recycling practices in the industry

EducationsMSc in International Marketing and Management, (Graduate Programme) Final Thesis
LanguageEnglish
Publication date2019
Number of pages123