Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 28
GEARBULK
POLLUTION
PROGRESS AND
PERFORMANCE
Our commitment to environmental stewardship and sustainability guides
our e昀昀orts to reduce pollution. Through rigorous assessment, strategic
planning, and innovative solutions, we continuously improve our impact
across operations. By prioritising proactive measures, we aim to safeguard
ecosystems and contribute to a healthier, more sustainable future.
The increase in total waste generated since can be attrib-
consistency with regulatory practices and accurately re昀氀ects
uted to the fact that the managed 昀氀eet increased from 40 to
our operational waste.
54 vessels during 2023 and remained this size in 2024. The
individual vessel average has increased from 2023 due to
Gearbulk currently does not report on waste generated on
the 昀氀eet expansion. All vessels were equipped with onboard
shore from our o昀케ce locations as this data is not available.
garbage compactors and required to adhere to the sourcing
As a tenant in leased buildings, we currently do not have
of sustainable goods procurement policies.
direct control over waste management practices, as these
In alignment with IMO requirements, vessel waste is reported
are managed by our landlord or property managers. As part
in cubic meters (m³). Due to the lack of density data for speci昀椀c
of our procurement policy we aim 昀椀nd solutions to meet our
waste types, conversion to metric tons is not feasible. While
pollution reduction targets.
this may limit comparability with other reports, it ensures
Waste generated (from vessels)
Unit
2022
2023
2024
Fleet Total
3
m
1,921
2,199
2,944
Per ship/month
m
4.00
3.93
4.54
3
OIL POLLUTION
SHIP RECYCLING
In 2024 no signi昀椀cant spills recorded. There were two re-
Gearbulk’s Ship Recycling Policy is in accordance with the Hong
ported minor incidents involving Gearbulk managed
Kong Shipping Convention and other various legislation. The
vessels (less than 10 litres of hydraulic oil).
policy is aimed to ensure that the chosen Ship Recycling Facility
(SRF) operates at an acceptable standard with respect to health
and safety of the workers and the protection of the environment.
Gearbulk will only use Ship Recycling Facilities which have been
certi昀椀ed by the Hong Kong convention and are compliant by an
IACS classi昀椀cation society.
> 10L
OIL POLLUTION
In preparation of a ship’s recycling, an Inventory of Hazardous
Materials must be approved by a Class society or another competent organisation. This Inventory must, as a minimum, include
the materials that are speci昀椀ed in the Ship Recycling Convention appendix 1 and 2. The Inventory must be forwarded to the
selected SRF together with all relevant available information for
the SRF to develop the Ship Recycling Plan (SRP). A con昀椀rmation
of receipt must be obtained. During 2024, Gearbulk did not
recycle any vessels.
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PART 2 – ENVIRONMENT
