IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 16, Issue 10.Ver. I (Oct. 2014), PP 31-37 www.iosrjournals.org www.iosrjournals.org 31 | Page Ship Recycling and Its Environmental Impact: A Brief Overview of Bangladesh 1 Md. Imrul Jobaid, 2 Md. Moniruzzaman Khan, 3 A.K.M Kamrul Haque, 4 Istiaque Ahmed Shawon 1 Lecturer, Department of Marketing, Faculty of Business Studies, Jagannath University, 9-10, Chittaranjan Avenue, Dhaka-1100, Bangladesh. 2 BBA, Department of Business Administration, School of Management and Business Administration, Shahjalal University of Science and Technology (SUST), Kumargaon, Sylhet-3114, Bangladesh. 3 Assistant Professor, Department of Marketing, Faculty of Business Administration, American International University-Bangladesh (AIUB), House # 58/B, Kemal Ataturk Avenue, Banani, Dhaka-1213, Bangladesh. 4 BBA, Department of Accounting and Finance, Faculty of Business Administration, American International University –Bangladesh (AIUB), House # 58/B, Kemal Ataturk Avenue, Banani, Dhaka-1213, Bangladesh. Abstract: Ship-breaking industry has been playing a great role in the economy via providing raw materials to steel industry, shipbuilding industry and some other industries in Bangladesh. Ship-breaking industries also generate a number of employment opportunities for Bangladesh. Some existing problem like safety of worker, health and working environment issues drawing negative picture of this industry for the country. This paper covers the details of how ship-breaking becoming the successful industry in Bangladesh, existing law for this industry, life of workers involved, and the impact on environment. We have observed issues such as the existing government laws and enforcement, safety of worker, health and working environment situation, remunerations for worker. Aim of this paper is to make out the problematic issues of this industry and then analyze the problems to help to overcome the challenges involved in ship-breaking industry. A brief overview on the socio- economic profiles and prospect of this industry in global perspective has also been discussed. Keyword: Ship Breaking, Existing laws, safety of workers, Environmental hazards, Child labor. I. Introduction Ship-recycling is the activity of complete or partially dismantling of a ship at ship breaking yard in order to recover components and materials for reprocessing and re-use. Re-use of scrap iron and steel, which is the most important output of the ship breaking industry, is an environment-friendly activity since it reduces the need for taking out for production per ton of steel industry from pig iron. From energy saving and emission point of view, the production per ton of steel from scrap requires more than 5 times less energy and 7 times less CO2 emission compared to steel production from iron ore (Naser 2008). Thus the ship recycling meets a key sustainability requirement in recycling of resources, if carried out properly. Ship-recycling is mainly labor rigorous industry and therefore, major ship-recycling countries are mainly developing countries. Until 1970s, ship recycling was a common industrial activity both in the United State of America and in Europe. But boost labor costs and strict environmental regulations caused the scrapping industry to be concentrated at the docksides in Taiwan and South Korea in the 1970s. But those countries lost interest in ship as it was no more cost-effective and they rather focused on using their shipyards for building ship in the 1980s. So, to take full advantage of profits ship owner’s found different destinations’ in India, China, Pakistan, Bangladesh, Philippines and Vietnam, where healthy and safety standards were negligible and where workers were cheap and desperate for work. Bangladeshi industrialists also took the opportunities of this profitable business which resulted importing more and more ship to Bangladesh. Thus, within a short period, Bangladesh established herself as a leading ship recycling nation in the international market. Although the age of ship breaking in Bangladesh is more than three decades, but primitive working atmosphere and the lack of compulsory control mechanism generally cause the scrapping yards as a source of environmental and occupational health problems. Moreover, adopted anticipatory actions against the unsafe, primitive conditions of scrapping yards are still below standard. II. Objectives of the Study 1. To find out the process of ship recycling system in Bangladesh. 2. To find out the problems involving in working environment. 3. To measure potentials of this industry in global perspectives.