DHAKA, May 30, 2024 (BSS) - Industries Minister Nurul Majid Mahmud Humayun today said Bangladesh is working for sustainable development of the ship-recycling industry as per the Hong Kong ship recycling convention.

 
“Bangladesh has ratified the UN accord on ship recycling, also known as the Hong Kong Convention, on June 14, 2023 for the safe and environmentally sound recycling of ships.

Accordingly, Bangladesh has to comply with the convention by June 26, 2025 and ensure Treatment Storage and Disposal Facility (TSDF) in all yards,” he said.
 
The minister said this while meeting with International Maritime Organization (IMO) Secretary-General Arsenio Antonio Dominguez Velasco at the Industries Ministry in the city, according to a press release.
 
In order to sustain the country’s ship recycling industry, Humayun said all necessary activities should be implemented quickly.
 
He sought IMO's assistance in obtaining soft loans from development partners or international financial institutions for shipyard owners to comply with the Hong Kong Convention.