India has been the biggest market for recycling ships. Most of the recycling is done in Alang on the west coast of India.
The recycling of ships is done at Chittagong which has about 50 ship recycling yards.
The recycling of ships is done at Karachi/Gadani which have about 25 ship recycling yards.
In China, ship recycling activity takes place in the Shanghai (North China) and Xinhui (South China) areas. China is the only country that does not practice beaching methods of recycling.
"We have concluded approximately 200 vessel transactions on behalf of Western Overseas since its inception and have always found them to be highly professional in their conduct and to be excellent performers."
Terry E. Chance, Partner, Compass Maritime Services LLC, USA