All kinds of ships like container vessels, cruise liners, & aircraft carriers are constructed using highly harmful materials, including asbestos, lead, mercury, & PCBs.
If released during dismantling, these toxic substances pose significant long-term risks
If released during dismantling, these toxic substances pose significant long-term risks
Until 1970s, shipbreaking was primarily concentrated in several industrialized nations such as the US, UK, & Germany.
However, in the 1980s, this industry largely shifted to the South-eastern part of the world, majorly due to the following two reasons:
However, in the 1980s, this industry largely shifted to the South-eastern part of the world, majorly due to the following two reasons:
2️⃣ High Cost: Advanced machinery & tech for fully mechanized operations comes with a substantial cost.
So it become unfeasible for these countries to compete with regions where manual labor is prevalent.
So it become unfeasible for these countries to compete with regions where manual labor is prevalent.
Many workers described using socks as gloves to avoid burns while cutting through molten steel, wrapping shirts around their mouths to avoid inhaling toxic fumes, and carrying chunks of steel barefoot.
This is the reason why the shipbreaking industry is flourishing in Alang.
This is the reason why the shipbreaking industry is flourishing in Alang.
Because the shipbreakers prioritize high scrap prices at the cost of human lives and the environment.
After examining the entirety of this scenarios, 2 questions come to mind.
After examining the entirety of this scenarios, 2 questions come to mind.
First, despite being aware of the substantial socio-economic costs for these developing nations, why do shipping companies send their old vessels to these yards?
The answer is simple: MORE MONEY
Yards like Alang pay a lot more for these old vessels compared to safer facilities.
The answer is simple: MORE MONEY
Yards like Alang pay a lot more for these old vessels compared to safer facilities.
It also generates a significant revenue for Gujarat by producing considerable quantities for re-rollable steel.
This contributes approx 15% of our nation’s total steel output, providing a sustainable substitute to the non-renewable iron ore commonly utilized in steel production.
This contributes approx 15% of our nation’s total steel output, providing a sustainable substitute to the non-renewable iron ore commonly utilized in steel production.
This is the reason why no government has taken a very concrete step to shut down these yards and their operations.
Often times, this industry is also called a green industry, simply because it’s recycling ships!!!
Often times, this industry is also called a green industry, simply because it’s recycling ships!!!
This sector also serves as a valuable supply source for second hand goods including onboard machinery, equipment, pumps, pipes, valves, furniture, fittings, fixtures, & other scrap materials.
1️⃣ No initial declaration of the ship as waste
It’s mandatory for EU shipping co.s to declare their ships as waste when they leave port and send them to EU authorized facilities.
In order to to tackle this rule, co.s have found a loophole.
It’s mandatory for EU shipping co.s to declare their ships as waste when they leave port and send them to EU authorized facilities.
In order to to tackle this rule, co.s have found a loophole.
2️⃣ Changing the country’s flag
EU regulations mandate that their ships should bear their flags and must undergo recycling at EU-approved facilities.
So to avoid this requirement, shipping co.s sell their vessels to intermediaries known as "cash buyers",
EU regulations mandate that their ships should bear their flags and must undergo recycling at EU-approved facilities.
So to avoid this requirement, shipping co.s sell their vessels to intermediaries known as "cash buyers",
If you liked this read, do RePost🔄 the 1st post
and follow us @FinFloww for such reads every Monday, Wednesday and Friday!
and follow us @FinFloww for such reads every Monday, Wednesday and Friday!
Join the 23,512 members who read to our WhatsApp newsletter every other day:
whatsapp.com
whatsapp.com
Subscribe to WHAT THE FLOWW?, our email newsletter where we dive deeper into such concepts: soshals.app
Loading suggestions...