A Review on Ship Recycling Industry in Bangladesh from Global Perspective

Abstract

Bangladesh has emerged as a global hub of shipbreaking and recycling due to geographical advantages and cheap labor. This industry has contributed significantly to Bangladesh's economic development and growth by accommodating new employment opportunities and providing the material flow rate of other sectors. However, this industry has also brought severe environmental and social problems, e.g., environmental pollution, child labor, and working safety which have become a threat to the future of this industry. Bangladesh must build out its shipbreaking infrastructure under legal requirements and international standards to maintain its position as the market leader while also emphasizing worker health and safety. Pollution may be unavoidable in shipbreaking yards; still, it must be kept to a minimum not to endanger the environment or the local population. Therefore, many precautions, measurements, and steps are needed to regulate this industry. The government and private business owners should collaborate to maintain the industry's leadership position.