Shipping & Freight #ship-recycling#south-korea
South Korea moves to build one of Asia's largest ship recycling hubs
South Korea's Elegant Exit Company, RM Company, and ISSAC Green Tech have signed an MoU for a large-scale ship dismantling hub, according to Splash247. Japan's NYK and Oono Development are targeting a 2028 recycling startup at Chita. The moves follow the Hong Kong Convention entering into force in June 2025 and South Korea's accession last December.
Aug 7, 2026 1 source