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NGO lashes out at scrapping practices in the wake of bankruptcies

Workers pay the price when liquidators scrap vessels from bankrupt carriers on the beaches of South Asia, says NGO Shipbreaking Platform. One worker died during the scrapping of a Hanjin ship follow the carrier's bankruptcy.

A yard worker was killed when he fell during the demolition of the vessel Hanjin Rome in Bangladesh. | Photo: Shipbreaking Platform

Banks, courts, and liquidators, who take over vessels from struggling carriers should think long and hard before scrapping them in South Asia, says NGO Shipbreaking Platform.

In its update for the second quarter, the NGO criticizes that in the wake of bankruptcies, vessels wind up being scrapped in India, Bangladesh, and Pakistan where scrapping prices are higher than places such as China or Turkey, because safety conditions are often far worse.

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