The
memorandum of understanding was signed on September 18 at NYK’s head office.
NYK Chairman Hitoshi Nagasawa and 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.
Background
of MoU: ①Promoting decarbonization
As the global trend toward decarbonization accelerates, the steel industry is
shifting toward electric furnaces and expanding the use of steel scrap. In
addition, scrap with low impurity content, which is difficult to remove from
molten steel, is becoming increasingly valuable as a high-quality iron
resource.
②Promoting a circular economy
Ships are made of large amounts of high-quality steel, and more than 90% of
medium and large vessels are recycled as construction materials, recycled
materials, or used products. To realize sustainable recycling, ship dismantling
work that considers safe, environmentally friendly, and efficient methods is
required.
③Increased awareness of environmental protection and
occupational safety
In December 2013, the European Union put into effect the EU Regulation on Ship Recycling;
in June 2025, the International Maritime Organization will implement the Ship
Recycling Convention to ensure environmental protection and occupational safety
in ship dismantling. Currently, the number of yards worldwide that meet those
standards is limited.
Business Areas |
・Procurement of dismantling vessels |
forte |
Environmentally friendly and efficient demolition
with no marine spills of oil or other harmful substances |