The Anti-Human Business of Ship Breaking

in the early morning off the coast of Singapore an outdated Rusty bulk freighter welcomes on board a small group of individuals who will be relieving the current crew of Duty the ship has been sold by a European shipping company to what is known in the industry as simply a cash buyer a convenient third party that will let the

major public Shipping Company Fain ignorance about where this ship is going to end up by the end of the week the Handover only takes a few hours the old crew departs and catches a plane from Changi International Airport back to the home countries and the new Skeleton Crew gets to work setting the ship up for

what will be its final voyage the tanks are filled with just enough bunker fuel to make the short Journey up the Malika straight to the Indian Ocean where the ship will meet its final resting place here on the mud flats of Al Lang the largest shipbreaking yard in the world during its roughly 3-day final Journey

the cash buyer company will submit the paperwork to change the ship's flag state from Greece to St kits and neice they do this because what's about to happen while not technically illegal is heavily frowned upon by most of the world's governments an investigation by Finance uncovered showed how ships normally sail under a flag of

convenience from countries that give them generous tax breaks and don't regulate staff pay as much as in the countries the shipping companies actually operate in the Taiwanese Shipping Company Evergreen runs one of the largest Merchant fleets in the world including the everg given the ship that did did such a bad job of parking it

wiped 1% off Global GDP Taiwan places heavy restrictions on how ships can be managed and how much their crew must be paid so almost all the ships in the company's Fleet are actually registered in Panama a country that within reason simply doesn't care how its ships are run as long as the registration fees are