MUMBAI (Scrap Register): A major portion of a ship breaker’s revenue comes from the sale of ferrous or mild steel (MS) scrap, the increasing steel demand and increasing supply of shipping vessels for scrapping together with the recovery in international and domestic steel prices (from its FY2016 lows), would improve the ship-breaking industry’s demand and profitability.
India, Bangladesh, Pakistan, China and Turkey are countries where majority of the ship-breaking activity has been happening since 1993 and are likely to make reasonable profit.
The South Asian ship-breaking yards hold advantages of having favourable geography and weather, cheap manpower and less stringent regulation making it preferred destination for ship-breaking activities. In CY2016 and CY2017, while India scrapped the highest number of ships, Bangladesh fared better in terms of gross tonnage (GT).
The ship-breaking industry in India, Pakistan and Bangladesh is likely to capitalise on the overcapacity woes of the shipping companies and benefit further from the Chinese Government’s decision to stop the import of end-of-life ships for scrapping.
Source: scrapregister.com
Buy and Purchase Scraps, E-Waste and Building Demolition Service by Scrap Dealer in Mumbai
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India, Bangladesh, Pakistan, China and Turkey are countries where majority of the ship-breaking activity has been happening since 1993 and are likely to make reasonable profit.
The South Asian ship-breaking yards hold advantages of having favourable geography and weather, cheap manpower and less stringent regulation making it preferred destination for ship-breaking activities. In CY2016 and CY2017, while India scrapped the highest number of ships, Bangladesh fared better in terms of gross tonnage (GT).
The ship-breaking industry in India, Pakistan and Bangladesh is likely to capitalise on the overcapacity woes of the shipping companies and benefit further from the Chinese Government’s decision to stop the import of end-of-life ships for scrapping.
Source: scrapregister.com
Buy and Purchase Scraps, E-Waste and Building Demolition Service by Scrap Dealer in Mumbai
Labels: aluminum scrap, iron scrap buyers, it scrap dealers in mumbai, scrap dealers in mumbai
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