Tsuneishi Shipbuilding Corp's green recycling project in the Philippines has been given the green light by ClassNK.
The classification society has completed the document review of Tsuneishi Ship Recycling (TSRNI), verifying is as in line with the Hong Kong International Convention (HKC).
This marks the first successful application submitted by a southeast Asia-based recycling facility.
As TradeWinds has reported, Tsuneishi plans to invest PHP 5.2bn
