Image: SN Corporation 

[The Business Standard/ June 28, 2023] South Korea-based maritime transport company, H-Line Shipping, recently sent a large scrap ship to SN Corporation's shipyard in Sitakunda, Chattogram under its first green recycling initiative.

This marks the first occasion that a South Korean vessel has entered a green shipyard in the country which, GMS – one of the world's leading ship buyers for recycling – says, has set an encouraging precedent for shipowners in Japan and South Korea.

A "green yard" refers to a yard that is compliant with the International Maritime Organisation (IMO) Guidelines for Safe and Environmentally Sound Ship Recycling under the Hong Kong Convention (HKC).

SN Corporation, situated on a 13-acre plot of land in Sitakunda, Chattogram, SN Corporation currently employs over 300 people and produces an average of 90,000-100,000 tonnes of scrap materials per year through dismantling vessels.