Ships transport 90% of the world’s traded cargo and hence literally propel the world’s economy. Ships have a lifespan of about 20-30 years, and after that they need to be scrapped.
The process of scrapping ships generate huge amounts of marine pollution, particularly if it happens in countries where environmental regulations for ship-breaking yards are slack.
Also Watch: How the Ship Owners Use Flag of Convenience to Exploit the Ship Breaking Industry and Trash the Environment
Ship recycling is a multibillion-dollar global industry. But the majority of the world’s ships end up in just three yards in South Asia where the industry has been plagued by poor working conditions and pollution. Several yards in this region have seen significant improvement and modernization though, and international legislation has the potential to further improve working conditions and environmental standards.
Watch this eye opening video from Forbes.