The Economics of Shipbreaking: Checkpoint 1

Quick checkpoint - five questions on shipbreaking, beaching, prices, steel and second-hand markets.

Question 1 of 5 Where are most ships scrapped?

South Asia Europe North America Australia

India, Bangladesh and Pakistan lead.

Question 2 of 5 Why is beaching cheaper?

Ships are cut on beaches without costly docks It uses robots It's subsidised by the EU It's done at sea

But it raises environmental concerns.

Question 3 of 5 How are old ships priced?

Per light displacement tonne Per passenger By age only By colour

Cash buyers act as middlemen.

Question 4 of 5 What happens to ship steel?

It's re-rolled into construction bars It's dumped at sea It's exported to the EU It's burned

Re-rolling mills are near Alang.

Question 5 of 5 What is sold at Alang's second-hand shops?

Furniture, engines and lifeboats Only steel Only food Only cars

Reuse creates a circular economy.

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