Bangladesh was shipowners' preferred destination for scrapping old vessels in the third quarter, shows the latest commercial fleet scrapping review from NGO Shipbreaking Platform.
Altogether, 227 vessels were scrapped from July throughout September. Of these, 124 ended on the beaches in South Asia, where they were scrapped at the notorious beaching yards in Bangladesh, India, and Pakistan.
At the top of the list is Bangladesh with 55 vessels, while India follows in second place.
As always, Greek carriers in particular make use of the South Asian yards. Altogether, Greek shipowners scrapped 11 vessels, followed by South Korean and Singaporean owners with six vessels each.
Beaching yards have been criticized for their bad conditions for both workers and environment. According to Shipbreaking Platform, one yard worker was killed in the third quarter in India's Alang, while another was gravely injured in Bangladesh.
English Edit: Lena Rutkowski
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The dry bulk market has improved, and this has prompted the order book for new ships expand and potentially strain competition in the years to come. Golden Ocean hopes that the environmental regulations hitting the sector in the years to come will result in more ships being scrapped, says the carrier in its annual report 2017.