Lloyd's Register approves first Inventory of Hazardous Materials to
comply with the new Ship Recycling Convention for Wallenius' Tristan

May 15, 2009

Wallenius Marine AB has attained a Lloyd's Register approved Inventory of Hazardous Materials (also known as a Green Passport) for its vehicle carrier Tristan demonstrating an ongoing commitment to safeguarding the environment and early compliance with the new Ship Recycling Convention.

The Ship Recycling Convention (IMO Convention for the Safe and Environmentally Sound Recycling of Ships), adopted at an International Maritime Organization (IMO) conference in Hong Kong today, aims to improve standards of safety and reduce environmental pollution from the recycling of ships. The Convention will require ships to have an Inventory of Hazardous Materials (IHM), essentially a document that contains an inventory of all the materials onboard a ship that may be hazardous to people's health or the environment, and that require careful handling or special awareness.

The IHM awarded to Tristan was approved by Lloyd's Register EMEA's Green Passport Approval Team in Southampton, UK, ensuring that the IHM and the associated sampling plan are in compliance with the requirements of the new Convention. A surveyor from the Lloyd's Register Group's Cartagena de Indias office, in Colombia, attended the vessel to verify that the IHM was a reasonable representation of any hazardous materials on board.

Per Tunell, Head of Environmental Management, Wallenius Marine said, "At Wallenius Marine we always try to be well ahead of coming rules and regulations that concern environmental issues, in fact, it is one of our principles. Therefore it was completely according to our strategy to start working with Inventory of Hazardous Materials at an early stage."

The IHM will accompany the ship throughout its operational life and will be reviewed by a member of the Lloyd's Register Group on an annual basis. Every five years the IHM will be renewed and re-certified and, at the end of the ship's life, it will help the ship recycling yard to formulate a safe and environmentally friendly way of decommissioning the ship.

"Lloyd's Register is pleased to work with Wallenius Marine assisting them with early compliance with the Ship Recycling Convention", says Jim Heath, Green Passport Product Manager for Lloyd's Register EMEA. "We applaud Wallenius for its decision to obtain IHM certification for Tristan, and her sister ship Isolde, and look forward to being part of the company's ongoing commitment to safety and good environmental stewardship."

1. Lloyd's Register provides independent assurance to companies operating high risk capital intensive assets in energy and transportation to enhance the safety of life, property and the environment, thereby helping our clients ensure safe, responsible and sustainable supply chains. The Lloyd's Register Group comprises charities and non-charitable companies, with the latter supporting the charities in their main goal.

2. Wallenius was founded in 1934 and has become a leading company in global maritime transport, terminal services and customer-oriented logistics services. Wallenius is, together with shipping partners, one of the largest Car Carrier and RoRo- operators worldwide. Through commercial subsidiaries, Wallenius Wilhelmsen Logistics, EUKOR, UECC and ARC, Wallenius Marine operates some 180 vessels. Wallenius Marine provides ship management, technical services, newbuilding and conversions and environmental expertise for the Wallenius owned vessels and subsidiaries.

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