NYK completes vessel dismantling in Bangladesh
In June, NYK and its group company NYK Bulk & Projects Carriers Ltd. completed the dismantling of a heavy lifer named Kamo at the PHP Ship Recycling Facility in Bangladesh, according to the company's release. The NYK Group is the first Japanese shipping company to complete dismantling at the yard, meeting ship recycling regulations specified in the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships,2009 commonly known as the Hong Kong Convention.1
The facility is operated by PHP Ship Breaking and Recycling Industries Ltd., which meets the requirements of the Hong Kong Convention and has been certified2 by NYK.
Following the UN Guiding Principles on Business and Human Rights, the NYK Group confirmed that human rights were thoroughly respected through human rights due diligence4 conducted by a third party.
Ship-recycling yards are mainly located in developing countries such as India and Bangladesh, and some of those yards have received international attention for needing to adopt proper measures to prevent environmental pollution and industrial accidents. Bangladesh’s ratification of the Hong Kong Convention on 26 June paved the way for the treaty's entry into force two years later on 26 June 2025. In the meantime, international society is expected to step forward to address issues at ship-recycling yards.
NYK has actively worked to improve antipollution measures and safety controls in the ship-recycling industry by participating in the Japanese government’s monitoring committee for Bangladesh yards.
On July 3, NYK newly certified two ship-recycling yards in Bangladesh that meet the company’s standards. To realize a sustainable society and environment, the NYK Group will continue to promote ship recycling at yards that meet the standards of the company and the Hong Kong Convention.
