Role of Cash Buyer in Ship Recycling

What Does a Cash Buyer Do in the Ship Recycling Industry?

If you or someone you know is thinking about buying a ship or recycling of ships, it's important to know everything before you take the plunge to invest. Cash buyers play an extremely important role in the Ship Recycling industry because they are often the first buyer on board! Who are they? Why do they buy ships? What do they buy and where? In this article, we'll explore the role of cash buyers in the ship recycling industry.

Ship recycling companies are benefited the most because of obsolete vessels sold to them. It helps them to sell valuable parts like steel, metals, furniture, and more, to the steel industries which gives them more profit. The role of cash buyers in an industry's

revenue generation process cannot be undermined, as they provide all the things through which the revenue is generated.

This article will discuss how cash buyers contribute to the recycling of ships and how it is handled?

So, let’s start- Ship owners and ship recyclers sell their vessels to buyers when it is of no use to them. In the case of closed-out vessels, these buyers are called cash buyers. These buyers purchase the vessels they intend to recycle. Recycling of ships is an international business dealing with obsolete ships globally.

- The ship recycling companies purchase the ships and sell their useful parts to the steel industries where they get refurbished and sent to the second-hand goods market. When a cash buyer purchases the vessel and sells it to ship recycling companies, it becomes a profitable business for ship owners. The profit earned from selling the ships for recycling is more than what could be gained by selling at a scrap price to the industries.

Recycling of ships is a lot more than taking the ship to a scrap ship yard that breaks it apart and then sells it for copper, steel, and aluminum. An experienced and globally compliant cash buyer like Best Oasis will go through your ship thoroughly and check whether it contains hazardous materials in it or not. And, if the vessels have poisonous chemicals in them then the cash buying companies make sure that it is thoroughly sterilized before sending them further to ship recycling companies. The crew is let go and everything else is sold to whoever wants to buy it. Best

Oasis is one of the leading cash buyers of ships for Ship Recycling in Bangladesh, India, Pakistan, Turkey etc.

Therefore, cash buyers are those who buy ships at the lowest price and in bulk quantity. The biggest advantage of cash buyers is that before sending the vessels to ship recycling companies they make sure that the vessel is free from any harmful substances that could hamper the environment or worker’s health in any manner.