SSY breaks into ship recycling

UK shipbroking group SSY is branching out into the recycling business.

The new unit will be headed up by Dubai-based recycling expert and former Braemar man Harry Conrad-Pickles.

The move into ship recycling by the London-headquartered group comes ahead of the Hong Kong Convention coming into effect in June and as around 15,000 ships are expected to be scrapped over the next decade.

“The recycling market is poised to enter a crucial and consequential period, and I’m eager to join SSY and take a proactive role in driving positive change in partnership with the firm’s outstanding global team. In doing so, we can provide our clients with the necessary expertise to help navigate through these regulatory shifts while providing maximum value and the highest environmental and compliance standards,” said Conrad-Pickles, who will join SSY this month.

Commenting on the broking group’s portfolio expansion, Stanko Jekov, SSY managing partner, added: “The recycling market is an area that we’ve been keen to enter for some time, and by offering this service we can now help our clients through the myriad of complexities that come with efficient and safe ship recycling.”