Possible merits and demerits of Ship Recycling
All ships reach their end of life stage which could be either due to technical reasons of ship becoming very old and expensive to repair/maintain or due to commercial reasons where the freight market is so low that it is not sustainable to operate the ship. While commercial reasons are purely a result of market play which can differ on a case to case basis, technically, a ship reaches its end of life anywhere from 23- 35 years depending on type of ship. Abandoning the ship is the most uneconomical and environmentally dangerous practice to follow. In spite of that we know that there are still many smaller ships around the world which are being abandoned. Recycling of ships is the only option that must be practiced by all Ship Owners around the world. Here in this blog, we are going to discuss some of the merits and demerits / possible demerits of ship recycling. Merits of ship recycling: · Steel constitutes about 90% of the total light weight. Steel from ship is