Finding a Reputable Scrap Company
Once a vessel reaches the end of its service life, most ship owners then sell their vessel to cash buyers. These dealers of the scraped vessel then bring the broken ship to its final destination- beaching yards in South Asia. After that, with the help of scrap dealers cash buyers bring the ‘end–of–life’ vessel into South Asia Yard. The cash buyers at first pay for the ship to the owner of the ship. Then after that, they sell the ship to that breaker who gives the highest vessel scrap price and this reselling of scraps is quite a profitable business.
