Bangladesh’s Shipbreaking Industry Faces Decline

The shipbreaking industry in Bangladesh, once a global leader, is facing significant challenges that threaten its position. In 2024, the industry imported fewer than 1 million Gross Tonnage (GT) of end-of-life ships for the first time in two decades. This decline is attributed to various factors, including economic downturns, rising international ship prices, and local … Continue reading Bangladesh’s Shipbreaking Industry Faces Decline