Buoyed by Narendra Modi's runaway victory in the general elections, the Indian shipbreaking industry is in a euphoric state, and is expecting business to boom, even though the monsoon that ruins the beaching tides pattern is just around the corner.
On 15 May 2014, The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) enjoyed its fifth anniversary of adoption by the IMO, and it is still on the shelf.
The often hazardous working conditions for shipbreakers have claimed the lives of at least 15 workers so far this year in Bangladesh and India, according to NGO Shipbreaking Platform.
China Shipping Development Co (CSDC) has sent three old dry bulk carriers to the scrapyard as part of its ongoing efforts to optimise its fleet structure.
The International Ship Recycling Association (ISRA) and NGO Shipbreaking Platform have called for immediate action to improve safety at shipbreaking beaches following four deaths at a Chittagong yard earlier this month.
India's junk ship market is on fire, with the bulk of demolition sales being concluded from the country. The main reason was optimism in the industry over the strengthening of the rupee, which dipped briefly below the INR60 per US dollar mark for...