Cyclus Marine and Lloyd’s Register have signed a Memorandum of Understanding (MoU) to improve responsible ship recycling practices worldwide.
The agreement follows the launch of Cyclus Marine. It aims to build a more structured and transparent recycling framework for the maritime industry.
Demand for ship recycling is expected to rise. Fleets are aging. Sustainability rules are also tightening. This increases pressure on recycling standards.
However, the industry still faces major challenges. These include environmental risks, worker safety issues, and inconsistent compliance across recycling yards.
The new partnership targets these gaps. Cyclus Marine and Lloyd’s Register will work together in four key areas:
- Develop a global framework to assess recycling facilities
- Conduct audits of ship recycling yards
- Train workers to improve safety and technical skills
- Promote responsible recycling practices across the industry.
These actions aim to help shipowners make safer and more informed end-of-life decisions for vessels.
Cyclus Marine combines expertise in ship lifecycle management. It supports vessels from newbuilding to decommissioning and recycling.
Gabriel Yeo, General Manager of Cyclus Marine, said the partnership combines project execution strength with technical assurance from Lloyd’s Register. He said it will improve safety, transparency, and recycling quality at scale.
Nick Brown, CEO of Lloyd’s Register, said the collaboration reflects a shared commitment to higher standards in ship recycling. He added that it will support shipowners with reliable technical guidance.
Cyclus Marine said the MoU marks a shift from planning to action. The goal is to improve industry practices quickly.
Both organisations will now work with shipowners, yards, and industry stakeholders. They aim to raise trust, safety, and environmental performance across the global ship recycling sector.
