I.S.R.A stands for International Ship Recycling Association.

The goals of I.S.R.A are:

• Combine the strongest responsible yards of the globe
• Show the alternative of traditional scrapping as practiced in the Indian subcontinent.
• Create a level playing field globally
• Speak as one voice in IMO and other sessions.
• Promote marketing of sustainable ship recycling
• Promote alliances with ship owners
• Change image dismantling industry
• Strength through joining forces
• Make use of existing green capacity
  

The initiative to found I.S.R.A. was the responsibility of Tom Peter Blankestijn (public affairs Maersk Management) and Bernard Veldhoven (Dutch Environmental Lawyer) and has led to the formal incorporation of the association by the founding fathers on 22nd October 2007 in The Hague The Netherlands.

One of the main objectives is to expand the association with members from all over the world including the Indian subcontinent on the condition that all members meet in a level playing field the same standards for sustainable ship recycling and meet the certification requirements I.S.R.A has developed for its members. Candidate members can join I.S.R.A if they are willing to stipulate upgrading their yards to the I.S.R.A. standard within a period of one to two years and to commit themselves to the necessary investments.