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 [...]
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 nationâs 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 [...]
Highlights of the Week In India, the market continues to thrive and maintain its leading position this week. Conversely, Pakistan, which was once a close contender, is facing some setbacks. Buyers in Pakistan are exercising caution and waiting for currency corrections before making further purchases. This approach seems plausible, as [...]
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, [...]
(1) Tragedy Strikes at Toggi Ship Breaking Yard in Chittagong as Worker Falls to His Death In a heart-wrenching incident, a worker lost his life after a fatal fall from a ship at the Toggi Green Ship Breaking and Recycling Ltd located in the Sitakunda upazila of Chattogram. The unfortunate [...]
Highlights of the Week (Please read vessel sold during this week, at the bottom of this story) The ship recycling industry appears to have gained momentum, with Indian ship recyclers emerging as the most dynamic participants. Meanwhile, Pakistan is making a comeback after a prolonged absence. It is worth noting [...]
World’s leading cash buyer of ships for recycling Best Oasis Limited projected market report: The ship-recycling industry in Bangladesh currently finds itself in a rather unfavorable situation. On April 26, the Ministry of Forest Environment and Climate Change issued the Environment Protection Regulations-2023, reclassifying the ship recycling sector from ‘orange’ [...]
The ship-breaking industry in Chattogram, which was labeled as ‘red’ by the Department of Environment (DoE) in April this year, has not yet been reclassified as ‘orange’. This delay is causing significant problems for the industry and disrupting the supply of scrap iron to re-rolling mills in the country. The [...]
