A total of twenty nations, two thousand individuals, and several corporate entities have collectively contributed over $100 million US dollars to make this project possible. Through their generous donations, all of these entities have become stakeholders in the initiative.
Two esteemed organizations, Euronav and Boskalis/Smit, renowned for their excellence in the maritime industry, have been entrusted with the critical responsibility of emptying the vessel. Their expertise and dedication make them the ideal choice for this crucial task.
At Elegant Exit Company (EEC), we are driven by our commitment to sustainable solutions and responsible practices in ship recycling.
Given our shared objectives, we would like to express our sincere interest in collaborating with the United Nations and take charge of the vessel's recycling process. Leveraging our extensive experience and unwavering dedication to environmental preservation, we are confident in our ability to deliver a comprehensive and innovative recycling solution.
EEC's core values align perfectly with a mission to transform the FSO SAFER into an opportunity for positive change. Our team and partners possess the necessary expertise in converting materials into new Green Steel, ensuring that the entire recycling process adheres to sustainable and eco-friendly practices. By undertaking this endeavor, we aim to set a new benchmark for responsible maritime practices, inspiring others to follow suit.
We are extremely honored that the Kingdom of Bahrain, under the esteemed leadership of the Minister of Oil & Environment and the Special Envoy for Climate Affairs, Dr Mohamed bin Mubarak Bin Daina, is fully prepared to provide support for the recycling of any vessels in Bahrain. This support is in complete accordance with international regulations and treaties, including the Basel Convention.
The Arabian Shipbuilding & Repair Yard (ASRY) in Bahrain is also extending its support and is ready and willing to accept the FSO SAFER. ASRY is the only facility in the Gulf region that possesses full licenses and certifications, meeting all international standards, including HKC (Hong Kong Convention) and EU SRR (European Union Ship Recycling Regulation).
Additionally, we have the valuable support of Crown Industries, a licensed and certified entity for managing both hazardous and normal waste tasks. This further strengthens our efforts in responsible waste management.
We can also rely on the strong support and expertise of Captain Adullah Al Hayyas, the Director of Maritime Transport, UAE Ministry of Energy & Infrastructure. His firsthand experience from the "Maersk Honam" case ensures our full compliance with the Basel Convention in ship recycling, whether it takes place in Bahrain or the UAE.
This collective endorsement is a clear reflection of Bahrain's and the UAE's unwavering commitment to environmental preservation and sustainable initiatives.
In the spirit of healthy competition and progress, we wholeheartedly applaud any offer that surpasses the superiority of our proposal. Should an alternative solution emerge that significantly benefits all stakeholders and the environment, it will be a resounding victory for us all.
We believe that by joining forces, we can secure a brighter future for our maritime environment and the health and well-being of all workers. We invite all stakeholders who share our vision to actively participate in this endeavor.