Nippon Yusen Kabushiki Kaisha
Oono Development Corporation
Promoting the circulation of iron scrap through the utilization of large dry docks for foreign vessels
Nippon Yusen Kabushiki Kaisha (hereinafter referred to as "Nippon Yusen") and Oono Development (Kaihatsu) Kabushiki Kaisha (hereinafter referred to as "Oono Kaihatsu") have agreed to jointly study the commercialization of ship recycling, which involves dismantling ships and large marine structures in Japan and recycling iron scrap. On September 18, a signing ceremony for the memorandum was held at the head office of Nippon Yusen (Chiyoda-ku, Tokyo), which was attended by Nippon Yusen's Chairman of the Board of Directors, Hitoshi Nagasawa, President and CEO, Kinya Soga, Oono Development's Chairman of the Board of Directors, Mitsuhiro Ono, and President and CEO, Yuji Yamashita.
The scene of the signing ceremony.
From left to right.
Nobuyuki Nagasawa, Chairman of Nippon Yusen
Takaya Soga, President and CEO of Nippon Yusen
Yuji Yamashita, President and CEO of Oono Development
Teruo Ono, Chairman of Oono Development
The dismantling work of ships will be carried out at Oono Development's exclusive drydock, which is the only one in Japan that can handle large overseas vessels owned by Oono Development in Chita City, Aichi Prefecture. It is conducted using a unique method that incorporates state-of-the-art onshore dismantling and waste disposal, achieving environmentally conscious and labor-safe ship dismantling while also promoting the recycling of iron & steel resources and decarbonization.
Background of joint consideration
① Promotion of decarbonization
Amid the global trend towards decarbonization, the iron & steel industry is beginning to move towards electric furnace shifts and the expansion of scrap iron usage. Additionally, scrap with low impurity content, making it difficult to remove impurities from molten steel, is increasing in value as a high-quality iron resource.
② Promotion of a circular economy
High-quality iron is widely used in ships, and more than 90% of medium and large ships are being recycled as construction materials, recycled materials, and second-hand goods. To achieve sustainable recycling, safe, environmentally friendly, and efficient dismantling methods are being sought.
③ Increasing awareness of environmental conservation and ensuring labor safety
In December 2013, the EU Ship Recycling Regulation came into effect. In June 2025, the Ship Recycling Convention of the International Maritime Organization, aimed at environmental conservation and ensuring labor safety in ship dismantling, will come into effect. Currently, the number of yards worldwide that meet these standards is limited.
Business Areas | ・Acquisition of decommissioned ships Ship dismantling. Sale of valuable items (such as iron scrap, used ship equipment). Domestic transportation of iron scrap. Final treatment such as harmless processing or landfilling of hazardous substances. |
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Features | Achieving environmentally friendly and efficient dismantling without marine outflow of hazardous substances like oil. A vast dismantling site covering 39 hectares. Having the largest dry dock in the country (810m depth x 92m width x 14.3m height), able to dismantle two large oceangoing vessels simultaneously. - Ensure safety and efficiency through the unique drydock method incorporating the latest advanced techniques for land demolition and waste disposal. (Note) - Install a high-efficiency waste incineration power generation facility on the same site to complete the processing of industrial waste. - Own mooring berths and inland berths, allowing for the mooring of vessels and the transportation of valuable goods such as steel scrap within the same site. |
Illustration of this project to promote a circular economy.
Oono Kaihatsu aims to achieve a sustainable resource recycling society and engages in various environmental-related businesses from demolition to waste disposal based in Ehime Prefecture. In demolition work, we incorporate large-scale heavy equipment methods that can solve the challenges of "safety, environment, and speed," and have extensive knowledge in this business area.
The NYK Group has been working to ensure proper processing in accordance with the Ship Recycling Convention standards as a goal for ship dismantling. In addition, the Dry Bulk Division has been working to participate in the supply chain beyond the marine transportation industry, mainly focusing on commodities to promote decarbonization as a new business development. The consideration of this project aims to promote decarbonization and realize a circular economy through more sophisticated ship recycling that meets global compliance with laws and regulations, environmental conservation, and awareness of labor safety.
Company name | Overview | Inquiries |
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Nippon Yusen Kabushiki Kaisha | Main Store: Chiyoda-ku, Tokyo Representative Director and President: Kiya Soga Website: | Publicity Group, Press Team Phone: 03-3284-5190 Email: NYKJP.ML.MEDIA@nykgroup.com |
Ono Development Co., Ltd. | Headquarters: Matsuyama City, Ehime Prefecture Representative: Representative Director and Chairman Teruo Ono Representative Director and President Yuji Yamashita Website: | General Affairs and Personnel Department, Public Relations Division Phone: 089-976-1234 Please contact us from the website. |
(Note) Dry dock method
A method of lifting ships from the water and performing work in onshore facilities. The work is safer compared to dismantling at sea or on sandy beaches, and significantly reduces the impact on the environment.