Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
During this time, 120 ships were dismantled worldwide, with Bangladesh
accounting for 41 or 34% of the total. This
surge represents an astounding 170% increase over the same quarter last year
when Bangladesh contributed only 14% of global shipbreaking efforts.
According to fundamental industry analysts, Bangladesh’s recent infrastructural
development drive has contributed to this fantastic growth.
Investments in projects such as the Padma Bridge, Metro Rail, and other
power plants have skyrocketed, boosting demand for building materials like
rods. As a result, the shipbreaking
industry has experienced a boom in activity to supply the raw material
requirements for these massive projects.
Bangladesh has been able to compete for recycled ships by obtaining a
significant loan from the International Monetary Fund (IMF) and maintaining
firm foreign exchange reserves. It has
also surpassed Indian and Pakistani competitors regarding raw material prices.
.
Bangladesh’s shipbreaking sector continues to develop due to
infrastructure demands, savvy financial moves, and a competitive market
mindset. The country’s continued
dominance in shipbreaking demonstrates its resilience and adaptability to
global industrial challenges.
