Search This Blog

Tuesday, August 8, 2023

Cost to Build & Recycling Ships

Aloha Everyone,

The cost to build colossal cruise ships are between US$1.3 to US$1.45 billion. Since the average lifespan of a ship is 25-30 years, the owners have to try to maximize their usage.

Interesting offshoots of cruise industry is ship recycling. Taking the materials from the ship such as steel, iron, aluminum and plastic are recycled.

Currently about 70% of the end-of-life ships end up in three main ship breaking yards located in India, Bangladesh & Pakistan. 

Data provided by USNews Travel

Aloha -- Cathi