Ship Breaking Industry Analysis
Abstract:
The shipping industry’s operating context will alter significantly over the next 30 years. Cargos and markets are changing, and there are new challenges in global ocean governance. Fuel costs are rising and becoming less predictable, although technological advances offer the potential for radical improvements in efficiency. Commercial customers are coming under increased pressure to address sustainability concerns throughout their supply chains.
With far-sighted leadership, the shipping industry can weather the storm and emerge stronger and more sustainable. The industry has a vital role to play in helping create a sustainable, low-carbon economy. But before we go off in this direction, it would be prudent to analyze as to whether …show more content…
Now, one may argue that this provides a direct contribution to economic growth, however, the consequences – health and environment – are also to be looked at. It is this externalization of costs that has led to the ship breaking industry being an unsustainable one.
Adverse Environmental Impacts:
The 3 toxic materials present in any ship – asbestos, polychlorinated biphenyls (PCBs) and toxic paint such as tributylin (TBT) – are the ones that have caused and are continuing to cause havoc in the environment. Mishandling of these hazardous wastes during ship breaking cause considerable and long-term consequences on health, safety and the environment.
All of these 3 substances are vital to the shipping industry as they help in prolonging the economic life of a ship. However, the reason they are able to do this is because of the fact that these 3 toxic materials do not degrade over time. This quality of theirs is especially dangerous given the fact that, despite bans and restrictions on their use, they will still continue to adversely impact people and the environment. This is because of the fact that whilst their use has been restricted in new ships that are being built, they still continue to be present in the old ships and vessels.
a)
The shipping industry’s operating context will alter significantly over the next 30 years. Cargos and markets are changing, and there are new challenges in global ocean governance. Fuel costs are rising and becoming less predictable, although technological advances offer the potential for radical improvements in efficiency. Commercial customers are coming under increased pressure to address sustainability concerns throughout their supply chains.
With far-sighted leadership, the shipping industry can weather the storm and emerge stronger and more sustainable. The industry has a vital role to play in helping create a sustainable, low-carbon economy. But before we go off in this direction, it would be prudent to analyze as to whether …show more content…
Now, one may argue that this provides a direct contribution to economic growth, however, the consequences – health and environment – are also to be looked at. It is this externalization of costs that has led to the ship breaking industry being an unsustainable one.
Adverse Environmental Impacts:
The 3 toxic materials present in any ship – asbestos, polychlorinated biphenyls (PCBs) and toxic paint such as tributylin (TBT) – are the ones that have caused and are continuing to cause havoc in the environment. Mishandling of these hazardous wastes during ship breaking cause considerable and long-term consequences on health, safety and the environment.
All of these 3 substances are vital to the shipping industry as they help in prolonging the economic life of a ship. However, the reason they are able to do this is because of the fact that these 3 toxic materials do not degrade over time. This quality of theirs is especially dangerous given the fact that, despite bans and restrictions on their use, they will still continue to adversely impact people and the environment. This is because of the fact that whilst their use has been restricted in new ships that are being built, they still continue to be present in the old ships and vessels.
a)