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Scrap vessel imports drop to a 4 year low in 2022

Economic Tag: Import

Bangladesh’s imports of scrap ships fell to a four-year low in 2022 as a result of US sanctions and a lack of US dollars. In 2022, 151 scrap vessels in total were imported, which is 27% less than in 2019.  The total weight of the imported scrap ships decreased by 52%. Prior to India and Pakistan, Bangladesh led the list of nations that demolish ships in 2021.

292 huge tankers, bulkers, floating platforms, cargo, and passenger ships were sold for scrapping in 2022, with the majority ending up for unsanitary and hazardous breaking on the tidal beaches of Bangladesh, India, and Pakistan. Around 30 shipbreaking yards in Bangladesh had to close as a result of the US currency crisis, which resulted in the loss of 10,000 jobs.

 

 

 

 

Source:

The Daily Star

 

 

Source for more details:

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