Ships that have come to the end of their life cycle play an important economic and environmental role. That’s because of the growing value of the vessel scrap. The cash buyers of ships often get many orders for older and outdated vessels. These vessels are then taken to the ship recycling companies in India and other countries where these vessels are cut into pieces and sold for vessel scrap to the cash buyers. Recycling obsolete vessels for low vessel scrap price plays a significant role in helping to reduce the manufacturing cost and preserving natural resources. Turkey being the world’s largest cash buyer and ship breaking yard gives employment to thousands of workers to recycle the obsolete vessels. The recycling of ships is growing because these vessels are an ideal source for scrap because of their huge and valuable structure. The ship recycling process helps in reducing the use of natural resources and saving them for future use. Ship recycling companies