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A Review On Ship Recycling Industry In Bangladesh From Global Perspective, Ahammad Abdullah, Zobair Ibn Awal, M Ziauddin Alamgir, Md. Jobayer Mia, Farihatul Mim, Utpal K. Dhar

Journal of Ocean and Coastal Economics

At present, the global center of the ship breaking and recycling industry is in South Asia, specifically Bangladesh, India, and Pakistan. These three countries account for 70–80 percent of the international recycling market for ocean-going vessels, with China and Turkey covering most of the remaining market. Only about 5 percent of global volume is scrapped outside these five countries. Bangladesh has environmentally beneficial coastal region and affordable labor that make the shipbreaking and recycling business as a potential sector for the country. In addition, ship recycling and its related businesses are helping to solve our nation’s unemployment issues at all …