Cash Buyers

CASH BUYING of Ships / Maritime Assets for Recycling Purpose.

Compass Shipping Agency

Compass Shipping Agency (CSA) is actively involved in the ship recycling business. It has extensive experience representing principals in the inspection, purchase, and sale of end-of-life vessels for recycling, primarily in India and Bangladesh.

With this strong foundation, CSA introduced its Cash Buyer services in 2025 though associated company in Dubai (UAE). Since then, CSA has regularly negotiated recycling and demolition vessels with ship-owners and offshore/maritime asset owners. CSA operates as a specialized intermediary in the ship recycling industry.

We purchase end-of-life vessels directly from ship-owners, offering upfront payments before reselling them to recycling yards, often on a back-to-back basis. We facilitate the final voyage, manage associated risks, and act as principals in all transactions. 

Compass Shipping Agency

We are a trusted cash buyer of ships, leveraging our expertise in maritime and recycling markets to provide competitive and transparent offers for vessels in all conditions. We ensure efficient, hassle-free transactions with guaranteed fast payments.

CSA maintains strong relationships with major ship recycling yards worldwide, with a primary focus on Alang SRY in India, given its strategic proximity to vessels in Asia. Through our exclusive representation in the Indian ship recycling market, CSA has successfully negotiated and delivered various types of vessels from global ship-owners, including deliveries at Alang and on an “as is, where is” basis.  

Green Ship Recycling Commitment

Compass Shipping Agency

We take pride in contributing to environmentally responsible ship recycling. Our associated ship recycling yards operate certified green facilities, ensuring full control over the recycling process with a focus on sustainability, compliance, and resource recovery.

Our operations are built on the principles of environmental responsibility and the circular economy. We aim to reduce carbon footprints and waste from end-of-life vessels while ensuring safe disposal of hazardous materials in compliance with international regulations. 

Our Mission

Our mission is to lead the ship recycling industry with a commitment to environmental sustainability, safety, and quality. With over 30 years of combined industry experience, including:

Ship agency operations

Vessel inspections

Sale & purchase (S&P)

Green recycling services

Supervision of recycling operations

Inventory handling and disposal

Ship chandling 

Export of second-hand marine spares and equipment

Our Vision

To be the global benchmark for sustainable and responsible ship recycling recognized for our commitment to environmental protection, worker safety, and the highest industry standards.

Benefits to Ship Owners

Simplified delivery process

One-stop global recycling solution

Expert market guidance

Faster payments (cash / TT vs. L/C)

Risk mitigation

Support with CSR and green recycling compliance 

Negotiation with fewer counterparties

Benefits to Ship Recyclers

Access to a consistent inventory of vessels

Flexible financial arrangements

Smooth delivery and beaching processes

Strong understanding of local regulations

Tailored solutions based on recycler requirements

Market forecasting and insights

Additional Services

For vessels requiring compliance with HKC or EU regulations, CSA offers:

We collaborate with certified hazmat experts to ensure full compliance and operational excellence.

Green recycling assurance

Yard selection

Inventory of Hazardous Materials (IHM)

Tank cleaning

Ship Recycling Plans

Independent monitoring services

About Alang, India

Alang, located in Bhavnagar, Gujarat, is the world’s largest ship recycling yard and a global leader in environmentally responsible ship dismantling.

Alang continues to evolve with improved environmental and safety standards, making it a preferred destination for ship-owners worldwide.

Established in 1983

Approximately 124 active yards (90+ HKC-compliant green yards)

Certified by major classification societies such as Class NK, RINA, and IRS

Major contributor to India’s steel industry

Green Ship Recycling Overview

Green ship recycling ensures

Safe disposal of hazardous materials

Maximum material recovery

Compliance with international conventions

Worker safety and welfare

Key Benefits

Environmental protection

Sustainability through recycling

Regulatory compliance

Enhanced corporate reputation

Compass Shipping Agency

CSA maintains strong relationships with leading recycling yards and ensures reliable execution of all contractual obligations. Selling vessels for recycling involves significant commercial risk—CSA mitigates these risks and provides security to ship-owners.

Our goal is to offer competitive pricing combined with reliable performance.

We look forward to building a long-term, mutually beneficial partnership with your organization. 

To sell a vessel, please share

Demolition questionnaire

Photographs

Lightweight tonnage proof

Since

2004

World Wide

Reach

1150+

Satisfied Client

10

Win Awarded

Compass Shipping Agency
  • Shipping Agents, Importer - Exporter, Ship Chandlers &
  • Marine Spares Suppliers
Contact Details
  • 308, Prithvi Plaza, 3rd Floor,
  • Opp. Ghogha Circle,
  • Bhavnagar – 364001 (Gujarat), India.
Emails
  • compassship@yahoo.com  khuman@compassship.com
Cells
  • +91 9825205203 (24x7)
  • +91 9427131313
  • +91 8980825203

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