Tomorrow, 24 months from the date of ratification by 15 nations with a total fleet of at least 40% of the tonnage of the world merchant fleet, the Convention will enter into force International Ship Recycling Conference adopted in Hong Kong on May 15, 2009 by the International Maritime Organization (IMO). To on the eve of the application of international legislation, the BIMCO, the association, which accounts for about 64% of the tonnage of the merchant fleet, urged the European Union not to Ignore the Indian shipbreaking yards anymore in about 115 out of 130 of these plants, thanks to significant modernisation and investment, comply with this Convention and may be included in the list European Ship Recycling Facilities.

Stressing that in the next decade, on the basis of its estimates, more than 15,000 ships will have to be recycled, or more twice as many as in the previous decade, the BIMCO found whereas, in order to achieve the full potential of the Hong Kong Convention Kong, it is necessary to resolve conflicts between this rule and the Basel Convention on Movement Control hazardous waste and a much more significant ship recycling capacity and in accordance with the Convention as well as the will of the shipowners to use shipyards that comply with the Hong Kong Convention Kong.