India, Bangladesh and Pakistan takes 71 per cent of ship breaking market
Published on Jan 10, 2014 2:10 AM
PARIS (AFP) - The world market for ship demolition remains strong, with India, Bangladesh and Pakistan together accounting for more than two-thirds of business, a French monitoring group said on Thursday.
In 2013, 1,119 ships went to the world's breaker's yards, a decline of 16 per cent over 2012 which was an "exceptional year," the environmental watchdog Robin des Bois (Robin Hood) said.
The figures "confirm that the ship demolition sector is in good health," Robin des Bois said. It is the second highest tally since 2006, when the group began compiling annual reports in an effort to boost transparency in a sector with a contested environmental record.
In terms of numbers, the three South Asian countries accounted for 50 per cent of ships, but in terms of tonnage, they accounted for 71 per cent, Robin des Bois said.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!