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At the world's biggest ship-recycling yard at Alang, India, life is becoming harder as fewer ships arrive. Here's why. Photo: Karan Deep Singh/The Wall Street Journal

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Essar Shipping is the first company in India to have published a sustainability report in the financial year 2011. The company has made all efforts to attended Coast Guard drills and seminars thus strengthening operations management.

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Bangladesh has no metal resources of its own city, so the shipbreaking yards in Chittagong, its largest second city, generate high profits for their owners. Workers though, enjoy none of the benefits of that profit; wages are barely enough to live on and there are no health and safety regulations to protect them. Injuries are a frequent occurrence and even death is not uncommon.