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Bangladesh’s shipbreakers back in business

Bangladesh – The government of Bangladesh has permitted the country’s shipbreakers to import around 20 vessels after an eight-month hiatus.

After the Department of Shipping issued a no-objection certificate for importing scrap vessels, the President of the Bangladesh Ship-Breakers Association, Zafar Alam, commented: ‘This is a good sign for the economy because the industry supplies scrap iron to about 700 re-rolling mills which are dependent on the raw material for producing MS rod.’ The sector annually supplies around 2.3 million tonnes of scrap iron.

Some of the ships have already reached Bangladesh and others are expected to arrive shortly. ‘Sixteen shipbreaking yards have already got clearance from the Department of Environment,’ noted Mr Alam.

In 2009, over 150 old vessels were imported into Bangladesh after having been bought at auction on the international market. Around 1.2 million people are directly or indirectly dependent on the country’s shipbreaking sector.

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