Economic Importance of Ship Recycling
One can't deny from the fact that ship recycling is the only and best way of disposing the end-of-life vessels. If we talk about it in the terms of statistics, then, it is for sure that almost 80% of the end of life vessels including ships and tankers both are recycled at the ship demolition yards. On the other hand, the ship breaking industry is being criticized for Poor implementation of safety and environmental standards. You must be aware of CPCB or Central Pollution Control Board, it has declared the ship breaking industry under RED category. But, in the recent years, significant amount of efforts have been put so as to to conduct this recycling activity in a safe and environmentally sound manner. Now, almost all the ship recycling yards have adopted to International standards of recycling the ships. This also ensures the fact that the hazardous material inventory that are made available from the vessels as well as the stock of materials are efficiently managed and recover