36 C
Islamabad
Thursday, July 16, 2026
HomeBusinessShip Recycling Resumes at Gadani After Eight-Year Hiatus

Ship Recycling Resumes at Gadani After Eight-Year Hiatus

Date:

Related stories

US Approves Nearly $2 Billion Arms Sale to Saudi Arabia: US State Department

The US State Department has approved a potential $1.96...

The Ghosts of Camp Nou: Barcelona’s Golden Past Meets the New Dawn

When Spain and Argentina walk out of the tunnel...

South Korea Hikes Interest Rates as AI Chip Boom Boosts Economy

South Korea's central bank has raised interest rates for...
spot_imgspot_img

Ship recycling has resumed at Pakistan’s Gadani Ship Breaking Yard after an eight-year pause, with seven vessels now anchored for dismantling in a major boost to the country’s maritime and industrial sectors.

The revival follows reforms introduced by the Maritime Task Force, with support from the National Logistics Corporation (NLC) and other institutions, paving the way for the industry’s return.

The federal government has granted ship recycling formal industrial status and is continuing reforms to align the sector with international standards. Modernisation of recycling yards is underway in accordance with the International Maritime Organization (IMO) guidelines.

Officials say nine of Gadani’s 16 ship recycling yards have already been upgraded to meet the requirements of the *Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, while the remaining *seven yards are undergoing inspection.

The government also plans to establish a modern treatment, storage and disposal facility to help protect the coastal environment and marine life.

Once fully operational, each recycled vessel is expected to contribute around 25 million US dollars to the national economy, while Gadani is projected to meet 30 per cent of Pakistan’s steel scrap demand, strengthening the country’s maritime economy and industrial growth.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here