Cyclus Marine and Lloyd’s Register sign MoU to advance responsible ship recycling
Singapore, 21 April – Cyclus Marine, a newly established lifecycle services company within Wilhelmsen Ship Management, has signed a Memorandum of Understanding with Lloyd’s Register to strengthen and scale responsible ship recycling globally.
The agreement follows the launch of Cyclus Marine the previous 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 Lloyd’s Register aim to help bridge that gap.
A structured framework for recycling
Under the Memorandum of Understanding, Cyclus Marine and Lloyd’s Register 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.
Building on lifecycle expertise
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 Lloyd’s Register 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.”
Preparing for growing demand
Global demand for ship recycling is expected to rise sharply as fleets age and sustainability requirements tighten.
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. 
(L-R): Gabriel Yeo, Felina Lin, Radek Walczak, Roine Ahlquist, Nick Brown, Håkon Lenz, Taylor Wamberg, Chung Hun Goh and Raye Ang.
About Cyclus Marine (www.cyclusmarine.com)
Cyclus Marine is a lifecycle services company within Wilhelmsen Ship Management, bringing together specialist expertise across newbuilding supervision, dry‑docking, retrofits, conversions, and decommissioning and recycling. Built on decades of proven delivery, Cyclus Marine supports maritime assets from newbuilds to final recycling – with a focus on predictability, technical rigour, and long‑term value.
About Lloyd’s Register (www.lr.org)
Lloyd’s Register (LR) is a global professional services group specialising in marine engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.
Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.
Media contacts:
Wilhelmsen Ship Management
Marius Steen
Head of Communications and Marketing
Phone +47 9596 5379
Email: marius.steen@wilhelmsen.com