COMPASS / SHIP RECYCLING
Cash Buyers
Ship cash buyers for recycling in India and Bangladesh.
Compass Shipping Agency supports the purchase and sale of end-of-life vessels for recycling. Introduced in 2025 through an associated company in Dubai, our cash buyer service connects shipowners with recycling markets, with a focus on Alang in India.
CSA represents principals in the inspection, purchase and sale of end-of-life vessels for recycling, primarily in India and Bangladesh. In 2025, CSA introduced cash buyer services through an associated company in Dubai, UAE. This service purchases vessels from shipowners with upfront payment before resale to recycling yards, often through back-to-back transactions. CSA also coordinates the final voyage, manages associated commercial risks and acts as principal in these transactions.
Our cash buyer service draws on maritime and recycling market experience to prepare vessel offers and coordinate transactions. CSA maintains relationships with ship recycling yards worldwide, with a particular focus on Alang, India, and vessels in Asian waters. Our experience includes negotiated deliveries from international shipowners to Alang and transactions agreed on an “as is, where is” basis.
CASH BUYING of Ships / Maritime Assets for Recycling Purpose.
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:
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Ship agency operations
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Vessel inspections
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Sale & purchase (S&P)
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Green recycling services
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Supervision of recycling operations
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Inventory handling and disposal
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Ship chandling
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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.
A CONNECTED RECYCLING TRANSACTION
Benefits to Ship Owners
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Simplified delivery process
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One-stop global recycling solution
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Expert market guidance
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Faster payments (cash / TT vs. L/C)
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Risk mitigation
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Support with CSR and green recycling compliance
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Negotiation with fewer counterparties
Benefits to Ship Recyclers
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Access to a consistent inventory of vessels
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Flexible financial arrangements
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Smooth delivery and beaching processes
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Strong understanding of local regulations
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Tailored solutions based on recycler requirements
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Market forecasting and insights
Green Ship Recycling Commitment
CSA supports environmentally responsible ship recycling through relationships with certified green recycling facilities. Our approach considers sustainability, compliance and resource recovery, with attention to waste reduction, the handling of hazardous materials and applicable international requirements.
Green Ship Recycling Overview
Green ship recycling ensures
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Safe disposal of hazardous materials
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Maximum material recovery
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Compliance with international conventions
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Worker safety and welfare
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.
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Green recycling assurance
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Yard selection
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Inventory of Hazardous Materials (IHM)
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Tank cleaning
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Ship Recycling Plans
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Independent monitoring services
Key Benefits
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Environmental protection
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Sustainability through recycling
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Regulatory compliance
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Enhanced corporate reputation
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.
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Established in 1983
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Approximately 124 active yards (90+ HKC-compliant green yards)
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Certified by major classification societies such as Class NK, RINA, and IRS
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Major contributor to India’s steel industry
CSA works with recycling yards to coordinate contractual commitments and address the commercial risks involved in selling vessels for recycling. Our objective is to combine competitive pricing with dependable execution and long-term relationships with shipowners and other stakeholders.
To sell a vessel, please share
Demolition questionnaire
Photographs
Lightweight tonnage proof
