Many European shipping companies deliberately use loopholes in international regulations to beach their end-of-life ships in Bangladesh where protections are known to be inadequate. Instead of trying to profiteer by greenwashing unsafe practices, these firms should invest in building stable platform facilities that protect workers' rights and correctly handle waste disposal.
It's certain that working conditions at many shipbreaking yards in Bangladesh remain precarious, but the country has been gradually addressing these issues over the past decade in compliance with international regulations. If it weren't for setbacks including the pandemic and the Ukraine War, all yards in the South Asian nation would have already turned into green facilities that prioritize workers safety and the environment.
There's a 17% chance that the International Maritime Organization will permit more sulphur oxide pollution by 2030, according to the Metaculus prediction community.