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Shipbreaking sector in Bangladesh ‘back on track’

Bangladesh – Having imported ships with an iron plate content totalling 2 million tonnes over the last nine months, Bangladesh’€™s shipbreaking business is ‘€˜back on track’€™, according to industry experts. Some 206 ships have already been dismantled this year – a significant increase from the recent period when regulatory complexities plunged the sector into uncertainty.

Bangladesh is ‘€˜a unique place’€™ for shipbreaking activities as nearly 100% of the products that come from the dismantled vessels are used, states Hefazatur Rahman, President of the Bangladesh Ship Breakers Association (BSBA). The country is currently in ‘€˜top position’€™ in the dismantling sector and is hopeful that some 3 million tonnes of steel will have been extracted from ships before the year is out, he adds.

The situation differs greatly from that of a couple of years ago, with Mr Rahman pointing to improved safety standards for workers and a growing awareness of environmental factors as key drivers behind the change. Various legal campaigns by environmental groups almost shut down the sector in 2009, observes the BSBA’€™s Technical Adviser Captain Salahuddin Ahmed.

According to the organisation, the country’€™s 125 shipbreaking yards imported some 145 ships last year with an iron plate content of 1.7 million tonnes.

Source: Financial Express


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