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Bangladesh’s shipbreakers re-gather momentum

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 six 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.

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