22 October 2017

Bangladesh was preferred shipbreaking nation for carriers in Q3

Carriers scrapped the most ships in Bangladesh in the third quarter, followed by India. Altogether, 124 vessels were scrapped in South Asia from July to September, shows a study from NGO Shipbreaking Platform.

Bangladesh was shipowners' preferred destination for scrapping old vessels in the third quarter, shows the latest commercial fleet scrapping review from NGO Shipbreaking Platform. Altogether, 227 vessels were scrapped from July throughout September. Of these, 124 ended on the beaches in South Asia, where they were scrapped at the notorious beaching yards in Bangladesh, India, and Pakistan. At the top of the list is Bangladesh with 55 vessels, while India follows in second place.

As always, Greek carriers in particular make use of the South Asian yards. Altogether, Greek shipowners scrapped 11 vessels, followed by South Korean and Singaporean owners with six vessels each. Beaching yards have been criticized for their bad conditions for both workers and environment. According to Shipbreaking Platform, one yard worker was killed in the third quarter in India's Alang, while another was gravely injured in Bangladesh.

Source: shipping watch. 20 October 2017

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