Ship recycling is a rapidly developing global industry that involves dismantling and scrapping ships when they are no longer usable. Every year 1000 old ships are recycled for scrap, with South Asia being the hub of this thriving ship breaking and recycling market. In Bangladesh, the industry began with the dismantling of stranded vessels and has since become a lucrative enterprise. The industry is an invaluable source of jobs and prosperity for many people living in poverty-stricken regions. Coastal zone management greatly suffers from the global shipping industry, particularly from environmental deterioration, legal obligations and labour issues.
Shockingly, India, Bangladesh & Pakistan are the frontrunners in this industry. Despite certain restrictions limitations, the ship recycling industry of Bangladesh has been significantly contributing to the country's Gross Domestic Product (GDP) and its overall socio-economic development. In recent times, however, its market share has been declining as a result of stringent environmental regulations. In comparison to its competitors, this reviewed article has put in substantial research effort to evaluate the state of global ship recycling and provide insights into the future of local ship recycling industry.HTML PDF
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