Ship recycling, market imperfections and the relevance of a consortium of ship recycling nations in the Indian subcontinent

Figures & data

Table 1. Composition of the ship recycling market (million deadweight)

Nations	2016	2017	2018
Bangladesh	15.3	11.0	14.8
Pakistan	9.7	6.9	7.1
India	12.8	10.0	6.9
China	5.2	5.7	0.4
Other	1.6	1.7	1.6
Total	44.7	35.3	30.8

Source: (Clarksons Research 2019).

Table 2. Ship recycling finance (in USD)

Category	Element	Bangladesh	Pakistan
Revenue	Steel	4,771,500	4,992,800
	Other recyclable items	842,000	512,700
	Total Revenue	5,613,600	5,505,500
Costs	Purchase of ship	3,848,000	3,848,000
	Investment costs	21,900	18,300
	Financial costs	147,900	265,700
	Labour costs	92,700	233,400
	Consumables	302,200	230,000
	Taxes, tariffs and duties	263,000	693,600
	Rents, levy and permits	2700	500
	Other costs	13,800	51,300
	Total costs	4,692,200	5,340,800
Profits	Profit	921,400	163,600
	Per cent	15	3
	USD/LDT	62	11

Source: World Bank (2010)

Clarksons Research. 2019. Shipping Intelligennce Weekly, Issue No.1371.

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World Bank 2010. “Ship Breaking and Recycling Industry in Bangladesh and Pakistan.” http://documents.worldbank.org/curated/en/872281468114238957/The-ship-breaking-and-recycling-industry-in-Bangladesh-and-Pakistan Accessed on 15 August 2019

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