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Showing posts from July, 2021

Green Ship Recycling- What You Must Know About It?

Ship recycling and what happens to the ship at the end of its life cycle has always been an issue in the industry, but steps are now being taken to fundamentally change this situation. Recycling of ships plays a significant role in the life cycle of the retired vessels, and is essential to the commercial success and sustainability of the industry, as old and inefficient ships become redundant and recycling becomes necessary. So far, recycling of ships is considered the most environmentally friendly and cost-effective way to end the lifecycle of the retired vessels. According to the reports of NGO Shipbreaking Platform, over the past 12 years, more than 70% of the estimated 800 vessels that reach the end of their operational life annually are scrapped on the beaches of Alang in India, Chattogram in Bangladesh, and Gadani in Pakistan. Most of the retired vessels sold for dismantling today end up in the South Asian countries like India, Bangladesh, and pakistan ship rec