Ecological Aspect of Vessel Decommissioning Market

Purpose: The article shows the needs of vessel decommissioning market. Collected data used in the paper consist period of 2014-2019, before the COVID- 19 epidemy starts. To improve health, safety and life of workers as well as environmental protection related to the decommissioning process, which mainly take place in the South Asian shipyards, the concept of Design for Recycling DfR and Hong Kong Convention are brought up into the daylight. Implementing the DfR is to make the whole decommissioning process as simple and cost-effective as possible. The vessel design stage, with selection of building materials and new technologies used, is the area where constant changes and updates are taking place. Making the Honk Kong Convention alive, will put the duty on the ship owners to dismantle their vessels in shipyards, which are authorized by the adequate Administration of State. Methodology/Approach: Data used for analysis were implemented from UNCTAD. Final deductions has been shown in tables and figures. Findings: Ratification of HK Convention is essential to improve protection of the workers involved in decommissioning process and to protect environment. Practical Implications: Analysis presented in the article underline the need of changes in vessel dismantling market. Originality/Value: Collected data are the basement into the future analyses of the whole decommissioning market area.