Grieg Green Shuts Down Recycling and ESG Services Amid Market Challenges

Grieg Green, a subsidiary of the Grieg Maritime Group and a recognized name in sustainable ship recycling and ESG advisory services, has announced the closure of its operations following persistent market challenges.

The decision comes after an extended period of difficult market conditions that have affected the company’s competitiveness. Since its inception, Grieg Green has played a pivotal role in advancing responsible and environmentally sound ship recycling practices. The company’s mission was to demonstrate that maritime assets could be recycled in a safe, transparent, and sustainable manner, setting new standards in an industry often criticized for unsafe and polluting practices.

In a statement dated October 14, 2025, the Grieg Maritime Group confirmed that Grieg Green will discontinue its recycling and ESG advisory services with immediate effect. The company expressed pride in its accomplishments, particularly its contributions to creating greater awareness and adoption of responsible ship recycling methods.

Matt Duke, CEO of Grieg Maritime Group and Chair of the Board of Grieg Green, acknowledged the tough decision, emphasizing that while the choice was difficult, it was necessary given the current market realities. “We have looked at different scenarios throughout the last months and found that the right thing to do is to close these activities down,” Duke stated. “We are proud of the difference Grieg Green has made and thank the team and partners who have been part of that journey.”

Over the years, Grieg Green’s work has been instrumental in promoting sustainability and accountability within maritime recycling. The company’s closure marks a significant shift in the maritime environmental services landscape, as few players have offered comparable high-end, ESG-focused services.

Despite the end of operations, Grieg Green’s legacy will continue to influence industry standards for responsible ship recycling and environmental stewardship. The company extended its gratitude to customers and partners who supported its mission, reaffirming its pride in having demonstrated that sustainable ship recycling is both possible and necessary.

For further information, Grieg Maritime Group has directed media inquiries to its Head of Communications, Sveinung Tvedt, via email or telephone.

Source: Grieg Maritime Group

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