NYK & Oono Development Partner To Commercialize Ship Recycling In Japan
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.
The memorandum of understanding (MoU) was signed on September 18 at NYK’s head office (Chiyoda-ku, Tokyo). 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.
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 in accordance with 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.
Press Release
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Related Posts
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Related Articles
Latest News
⚓️ Enhance Your Knowledge. Prevent Accidents. Stay Safe at Sea.
1. eBooks for Engine Department
Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge.
👉 Explore Engine Department eBooks
2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
👉Discover Deck Department eBooks
3. eBooks on Electrical Fundamentals & Issues
Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts.
4. Pocket Guides for Quick Reference
Compact, handy, and loaded with essential checklists—perfect for on-the-go reference during operations and emergencies at sea.
5. Combo Packs to Save Big
Access multiple expert eBooks at discounted prices. Ideal for professionals seeking complete safety and operational knowledge across various ship departments.
6. Digital Maritime Courses – Learn at Your Own Pace
Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer.
Subscribe To Our Daily Newsletter
By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.
BE THE FIRST TO COMMENT