Circular Economy Development in the Shipping Sector in Finland

The world is facing unprecedented sustainability challenges, and the circular economy (CE) can provide some solutions to promote more sustainable practices among companies. This study aimed at exploring, discovering, analyzing and synthetizing approaches related to the 10R principles, the CE principles and CE business models in the shipping sector in Finland. The research approach was based on qualitative research that aimed at identifying approaches related to the selected three main elements: (1) the 10R principles; (2) the CE principles; and (3) CE business models. The findings of this study suggest that most approaches that were identified were related to the following 10R principles: (1) replacement of products or making of products redundant (R0); (2) rethinking of products (R1); and (3) reduction in the use of resources in the manufacturing and use of products (R2). Only a few approaches could be identified that were related to the reuse of products (R3), the recycling of materials (R8) and recovery of materials (R9). There were typically no or only a few approaches identified that were related to the repair of products (R4), refurbishment of products (R5), remanufacturing of products (R6) and repurposing of products and their parts (R7). For many companies, there were no identified approaches related to the R3–R7 principles. Regarding the CE principles, the findings of this study suggest that quite a number of approaches were identified that were related to the circulation of products and materials and that many approaches were identified that were related to the elimination of waste and pollution. Typically only a few approaches were identified for the regeneration of nature. Regarding the CE business models, the findings suggest that quite a number of approaches were identified that were related to the circular supply models, supply chains and inputs, and there were many approaches for resource recovery. Only a few approaches were identified that were related to product use/life extension, sharing and sharing platforms, and product-as-a-service and product-service systems.