The history of ship breaking is as nearly old as ship
building. As we know, the life of a steel ship is usually
20 years. Whatever conversion or modifications might have
been carried out, it cannot be extended beyond 25 years.
Steel used for building a ship must sustain fatigue due
to rolling and other reaction during voyage. The International
Maritime Organization, therefore, has fixed 25 years as
lifetime for a ship. The ship owners find it profitable
to declare a ship unfit for service on the expiry of 20
years life span than repairing and modifying the ship for
further voyages. Starting from the Second World War, steel
body ships are the main means of transport of goods internationally.
Insurance coverage of cargo is a very important factor for
the consignees. Insurance Companies hesitates to provide
insurance coverage to Cargo booked on a ship of over 20
years of age. So, procuring cargo or business for the over
aged ships becomes difficult. At this state ships are declared,
unfit and unserviceable, and are sold for scrapping. Parking
of unserviceable ships in harbor area is also costly and
tedious.
The scrapping work needs huge labor and capital; scrapping
operations involve high risks and problems. So, the owners
of the ships prefer to sell out the unserviceable ships
to the countries where there is demand for scrapped steel
and other items of old ships, where labor cost is relatively
low and where there is less concern about hazards, toxicity
and environmental pollution. Thus, ship owners who want
to get rid of their unserviceable ships contact the concerned
business community of nations who look for cheaper steel
and other items of the ships. These two parties transact
a good business of selling and buying of unserviceable ships
at a point.
Jiangsu Xin Rong Recycling & Logistics Co. Ltd. was formerly
a ship scrapping arm of Jiangsu Chang Rong Steel Co.Ltd.
incorporated in 1994 as Joint Venture in Jiangsu Province
of China. Technical standard was established by the Taiwan
business partner with scrapping docks in Taiwan and has
a track record in scrapping more than 1,000 ships.
The Company became a member of China
National Shipscrapping Association since February 2001.
With the mission to become one of the world’s green ship
scrapping center to help protecting the environment, XinRong
Recycling was incorporated in December 2003 as solely
owned foreign enterprise with additional investment in
new docking facility. Building on this foundation, we
have entered our second phrase of development with renewed
confidence and determination to serve the public interest
as well as the needs of our clients by maintaining a high
standard of environmental quality.
To realize this goal, we are stepping up our joint efforts
with ship-owners to help spread the message to the environmental
protection bodies. It is our belief that by working hand-in-hand,
we shall enhance the quality standard our environment
for sustainable development.
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