Cyclus Marine and Lloyd’s Register sign MoU to advance responsible ship recycling

Cyclus Marine, a newly established lifecycle services company within Wilhelmsen Ship Management, has signed a Memorandum of Understanding (MoU) with Lloyd’s Register (LR) to strengthen and scale responsible ship recycling globally.

The agreement follows the launch of Cyclus Marine last week and marks an important next step in building a more structured, transparent, and credible approach to ship recycling at a time when demand is expected to increase significantly in the years ahead.

As ageing fleets, regulatory pressures, and sustainability requirements converge, ship recycling is set to play a critical role in the maritime lifecycle. However, the industry continues to face challenges related to environmental performance, worker safety, and consistency in standards. Through this collaboration, Cyclus Marine and LR aim to help bridge that gap.

Under the MOU, Cyclus Marine and LR will collaborate across four key areas:

Development of a framework for assessing ship recycling facilities, supporting consistent and transparent evaluation against recognised standards.
Audits of ship recycling facilities, helping owners make informed decisions when selecting recycling yards.
Training and development of the workforce, strengthening competence, safety, and operational practices.
Promotion of responsible ship recycling, contributing to higher industry standards and increased confidence in compliant recycling solutions.

Together, these elements are intended to support vessel owners in managing end‑of‑life decisions responsibly, while contributing to safer working conditions and improved environmental outcomes at recycling facilities.

Cyclus Marine brings together decades of experience across newbuilding supervision, dry‑docking, retrofitting, conversions, and decommissioning and recycling – supporting vessels throughout their entire lifecycle. The collaboration with LR supports Cyclus Marine’s ambition to be a long‑term partner for asset owners, extending technical and project management expertise all the way to a vessel’s final phase.

“By combining Cyclus Marine’s project execution and lifecycle management expertise with Lloyd’s Register’s technical authority and assurance capabilities, the collaboration aims to support safer, more transparent, and more responsible recycling outcomes at scale,” says Cyclus Marine General Manager, Gabriel Yeo.

Nick Brown, LR CEO says: “This collaboration reflects a shared commitment to raising standards in ship recycling and supporting owners with credible, technically grounded solutions.”

Gabriel Yeo adds: “With Cyclus Marine now live, this MoU signals how we intend to move quickly from ambition to action, helping our customers navigate an area of growing importance for the industry.”

The MoU provides a platform for further cooperation as both organisations work with owners, yards, and other stakeholders to strengthen trust and credibility in an increasingly important part of the maritime value chain.