ALTERA Infrastructure has announced it has joined the Ship Recycling Transparency Initiative.

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

President and chief executive Ingvild Sæther said continuing the SRTI membership under a 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,” Mr Sæther said.


Sustainable Shipping Initiative (which hosts the SRTI) executive director Andrew Stephens said by publicly disclosing its approach,

Altera was not only making clear its commitment to responsible ship recycling; it was also “raising the bar and contributing to a more transparent and accountable maritime industry”.

March reportedly been a busy month for the SRTI, with the launch of the 2020 Report as well as the addition of Gard, the first insurer to join the SRTI.