4 ms·

The value of scrap metal is so high I'm guessing the recovery will pay for itself.

• gideonparanoid 9y ago
  That depends on how environmentally friendly you want to be in reclaiming that steel [0]: > A secondhand vessel is currently worth about $190 per tonne to a shipbreaking yard in Turkey, a price established by the local market in reclaimed steel. Sail on to China and a different market, and the same metal is worth $210 per tonne. At breakers’ yards in Alang in India, Chittagong in Bangladesh and Gadani in Pakistan, they will pay around $280 per tonne. Meanwhile, at the EU-approved shipbreaking sites, which are bound to conform to continental waste laws, and where vessels are dismantled in closed-off quays or dry docks, rates are less competitive: European yards offer zero dollars per tonne, and, in fact, tend to ask a fee to take a shipowners’ junk. [0] https://www.theguardian.com/business/2017/may/02/where-oil-rigs-go-to-die https://www.theguardian.com/business/2017/may/02/where-oil-r...
  • mason240 9y ago
    Interesting, thanks.