Bangladesh: Last year, however, courts lifted the ban on the import of ships until government ministries formulate detailed guidelines for the shipbreaking sector; that has seen business pick up pace again, with 150 ships dismantled in 2011, while officials say 143 ships have already been broken in the first 6 months of 2012.
The industry is worth around US$ 1 billion and shipyard owners say the sector employs nearly 200 000 workers. Shipbreaking yard owners claim they satisfy nearly 60% of the country’s total steel demand, while steel from the dismantled ships is also used by the domestic shipbuilding industry.
The industry is hoping to extract around 3 million tonnes of steel from broken ships by the end of this year.
Source: recycling international. 13 August 2012http://www.recyclinginternational.com/recycling-news/6457/ferrous-metals/bangladesh/bangladesh-s-shipbreakers-re-gather-momentum