Nippon Yusen Kabushiki Kaisha (“NYK”) and Oono Development Co., Ltd. (“Oono Development”) have agreed to jointly study the commercialization of ship recycling, in which ships and large offshore structures are dismantled in Japan and recycled as steel scrap and other materials, reports NYK.
Signing Ceremony
NYK Chairman Hitoshi Nagasawa President Takaya Soga, Oono Development Chairman Teruo Ohno, and President Yuji Yamashita attended the signing ceremony. Ship dismantling work will be performed at Japan’s only dry dock, which can handle large ocean-going vessels and is owned by Oono Development in Chita City, Aichi Prefecture. Oono Development will adopt its unique method, incorporating state-of-the-art onshore dismantling and waste treatment, with consideration of the environment and occupational safety, and promote the recycling and decarbonization of steel resources.
Oono Development, based in Ehime Prefecture, is engaged in various environment-related businesses, ranging from demolition to waste disposal. It aims to realize a sustainable resource-recycling society. In demolition work, Oono Development uses large, heavy equipment methods that can solve the issues of safety, environment, and speed and has a great deal of knowledge in this business area.
NYK Group has been working to achieve its goal regarding ship dismantling, which is to ensure that ships are appropriately dismantled per the standards of the Ship Recycling Convention. In addition, the Dry Bulk Business Division has been working to participate in supply chains beyond the shipping industry, focusing on commodities that promote decarbonization to develop new businesses. This business study is conducted to encourage decarbonization and realize a circular economy through more sophisticated ship recycling that meets the growing global awareness of legal compliance, environmental conservation, and occupational safety assurance.
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Source: NYK
