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Altera joins the Ship Recycling Transparency Initiative

Shipowner Altera Infrastructure says it has joined the Ship Recycling Transparency Initiative (SRTI).

Formerly part of the Teekay group of companies, Altera becomes the 10th shipowner to publicly disclose its approach to ship recycling, bringing the number of SRTI signatories to 24.

 Altera continues an active participation in the SRTI Steering Group –previously maintained as part of the Teekay Group– collaborating with sustainability peers across the shipping value chain that guides the Initiative’s strategy, positioning and development .

 “Continuing the SRTI membership under our new brand name was a matter of course. We want to take a leading position in the change we all need to be a part of, and we believe openness and transparency are key in achieving this,” said Altera president & ceo Ingvild Sæther.  

 “By publicly disclosing its approach, Altera is not only making clear its commitment to responsible ship recycling; it’s also raising the bar and contributing to a more transparent and accountable maritime industry," commented Andrew Stephens, executive director of the Sustainable Shipping Initiative which hosts the SRTI.

The initiative counts among its members China Navigation Company; Forum for the Future; Hapag-Lloyd; Lloyd’s Register; AP Moeller-Maersk; Norden; Nykredit, Standard Chartered Bank; Stolt Tankers; and Wallenius Wilhelmsen.

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