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Aging Commercial Ships Creating New Opportunities for Recycling Companies
The global ship breaking market is witnessing substantial growth due to the rising need for sustainable recycling practices, increasing demand for recycled metals, and growing focus on fleet modernization within the maritime industry. Valued at US$ 1.1 Bn in 2022, the market is projected to expand at a CAGR of 10.0% from 2023 to 2031 and reach US$ 3.1 Bn by the end of 2031. The industry plays a...
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