Ship breaking industry in Pakistan – problems and prospects

The industrial boom in twenty first century is very much related with the usage and production of metals in production and construction. With increasing cost of fuel and increased international demand has led the cost of metals upwards. Worldwide the demand of iron has increased tremendously. Demand is further pushed by mushroom growth of constructions in India and China which has ultimately increased the prices of iron related products. With the increasing prices of iron the search for alternative sources of iron has increased. Dependency on iron scrape as an alternative iron source has increased in past few years. Aging of huge ships has allowed creation of a new industry called ship breaking industry.