Why Wirana for Green Ship Recycling

Posted by Wirana Shipping Corporation on March 27th, 2021

Wirana was established in 1983 and from then the company has been top hence is now considered as the most successful cash buyer of vessels for recycling. Wirana has reached this position by selling in almost all the markets such as India, Pakistan, Bangladesh, Turkey, North China and South China. The cash buyers are the companies that purchase the vessels which have reached the end of their life from the ship owners in 100% cash and then sell it to the recyclers or beaching yards. Cash dealers act as an intermediate between the ship owners and beaching yards hence they never come in contact and remain unknown to each other. So firstly the cash buyer makes a deal with the ship owner and pays the price to them and then again sells it to beaching yards where the ship is sent for dismantling by making a profit. Apart from being the most successful cash buyer of vessels for recycling, Wirana is also the oldest and leading cash buyer of vessels for recycling. It has also earned a place two times in the Guinness Book of world record for two ULCC's that had a combined LTD in excess of 148,691 by successfully negotiating more than 2200 ships.

We at Wirana do not have any restrictions of size, type of ship, location or payment and are for you as the one-stop shop for all kinds of ship recycling needs. Being the top cash buyer, we believe in promoting the "Green Agenda" at various forums and have always been an ardent proponent of green ship recycling. We always try to enlighten the world about Green ship Recycling for which our members have also been a part of the deliberations leading to the IMO's Hong Kong Convention for the Safe and environmentally sound recycling of ships.

Recycling markets under Wirana

Wirana shipping covers almost five major markets in the world namely India, China, Bangladesh, Pakistan and Turkey. Apart from these the subcontinents are responsible for almost 70-80 % of recycling. Beaching method is mostly practiced in subcontinent and Turkey but not in China as it does all the recycling by other methods such as Pier side or dry docking method. It is also noted that prior to the GFC, the volumes and values were about 300 vessels with a value of about USD 1Bln but now this figure has reached to 900-1000 vessels with USD 3-4 Bln. So after seeing such a good figures in this industry, it is the best choice to shake hands with Wirana and make profits by selling the vessels to us at great cost.