South Asia claims 70% of scrapping market in the third quarter
The big five ship recycling nations dominated scrapping in the third quarter, controlling 90% of the global market in terms of the number of vessels. But safety remains a concern in South Asian yards, particularly in Alang in India, where NGO Shipbreaking Platform reported that three people lost their lives.
Bangladesh led the major shipbreaking nations with 35 recycling projects in the quarter, while China scrapped just one ship, according to Brussels-based NGO Shipbreaking Platform
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