Bangladesh’s Young Ship Recyclers Striving for Sustainability. In a recent conversation with TradeWinds, three dynamic ship recyclers from Chattogram shared their dreams of transforming ship recycling yards in Bangladesh. Currently, out of approximately 60 active ship recycling yards, only four are certified under the Hong Kong International Convention for the [...]
For decades, the ship breaking industry, marred by hazardous working conditions and environmental degradation, remained a dark stain on international shipping. Despite significant strides in curbing pollution from oil tankers, the shores of the Indian subcontinent, particularly in Pakistan, witnessed the grim aftermath of this sector. Migrant laborers, ill-equipped and [...]
In a seminar held at the International Convention City Bashundhara (ICCB) in Dhaka, experts gathered to discuss the vast opportunities lying within Bangladesh’s shipbuilding and ship recycling sectors. The seminar, hosted by the Embassy of the Kingdom of the Netherlands in Bangladesh, highlighted the need for knowledge and technology to [...]
Six individuals, including the officer-in-charge of the Sitakunda police station, are facing legal action in connection with the death of a ship-breaking worker. On August 26th, a 24-year-old laborer named Md Russell tragically passed away in the Bhatiari area of Sitakunda in Chattogram. In response to this tragedy, Russell’s father, [...]
In recent years, Bangladesh has taken significant strides towards modernizing its ship recycling industry, aiming to transform an often hazardous and environmentally damaging practice into a sustainable, safe, and environmentally friendly endeavor. This transformation is not only crucial for the nation’s economy but also for the well-being of its workers [...]
European companies are dumping their old ships on the beaches of Bangladesh, according to a report by Human Rights Watch (HRW). These ships are being broken down by workers in dangerous and polluting conditions, leading to the loss of lives. The Sitakunda beaches in southeastern Bangladesh have become one of [...]
Despite a significant drop in shipbreaking activities by 65%, Bangladesh remains the world’s top nation for ship recycling, according to a report from the United Nations Conference on Trade and Development (UNCTAD). The country accounted for over one-third of global ship recycling, reducing its activities from 8.02 million tonnes in [...]
In the past week, Bangladeshi ship recyclers didn’t acquire any new ships, but there have been two undisclosed deals involving the arrival of a handymax bulker and a car carrier at Chattogram beach. Mariner Associates CTG, a shipowner based in Chattogram with a fleet of 12 handymax and supramax bulkers, [...]
Highlights of the Week In evaluating the four ship recycling markets, it is evident that India has exhibited superior performance in comparison to other destinations. Conversely, Pakistan has encountered a predicament characterized by cautiousness and indecision among buyers, primarily due to the fluctuating currency exchange rates and the recent strengthening [...]
(1) Tragedy Strikes at Bangladesh Shipbreaking Yard as Guard Falls from Ship A heartbreaking incident unfolded at the NB Steel Shipbreaking Yard in Sitakunda, Chattogram. Nizam Uddin, a 33-year-old security guard from Mirsharai, tragically lost his life in a fall from a ship while on duty. The accident occurred during [...]
