Data also reveals that India displaced Bangladesh as the leading ship-dismantler in 2022. India ended last year with a ship-breaking tonnage of 1.08 mnt LDT against Bangladesh’s 0.95 mnt LDT. Pakistan closed last year in third slot with 0.44 mnt LDT. Of course, all three showed a y-o-y drop with Bangladesh and Pakistan floundering on the deepest side. Bangladesh was down a steep 64% (2.63 mnt LDT in 2021), while Pakistan also showed a sharp 56% y-o-y drop (1.00 mnt LDT).
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