I ran across this article today and came away wondering why we can't do this in a more safe way. I mean, if there are fleets of ships waiting around to be scrapped and recycled, there should be a way we could get into the action. I think about all the old 'rust belt' factories and steel mills shut down for lack of work, and how many of them are located in places with easy access to deepwater vessels. With steel prices rising, and booming markets across the globe looking for steel, we could put a lot of people to work. In shipyards scrapping instead of building, disposing of asbestos in much safer ways, and reopening some steel mills to turn the scrap into rolls ready for export.
I look at some of those pictures of ships sitting high above the tide lines, but none of them catch the full magnitude of the trade until you look at these sights from sattelite. That one is in India. This is in Bangladesh.