Ship recycling

I am not sure about the equipment used to break ships, my knowledge of ship breaking is very limited indeed. I do know that the life expectancy of ship breakers in India, for example, where there are many huge hulks/ships that are beached then broken apart, is short indeed.

According to what I have read, there are only a few companies that break ships here in the US. It is incredibly difficult to get licensed to do so, and I believe currently they are only being done at old ship yards. Here is a fairly good article on the subject.

The Center for Land Use Interpretation

You might serve your purpose better, instead of trying to do what other people are already doing and incurring all the costs, brokering the purchase and sale of ships to companies already doing so. You can do this using a transferable letter of credit, using a known top 5 trade bank so that your buyer and seller never come into contact with each other. More or less you can imagine a transferable letter of credit being a special check issued from one bank to another, electronically. The buyer submits the purchase information to their trade bank, the trade bank then issues a letter of credit with specific paperwork and criteria to be met prior to the letter of credit being released, the buyer then gives his bank your banks information, which takes the letter of credit and transfers it, using your trade bank information. It's like issuing a check against a check that is only activated if all the paperwork and criteria are met. Then your bank submits the letter of credit to your sellers bank. I can go into more detail if you wish or would like to understand more on how these financial instruments actually work. But this would enable you to transact the sale of the ships you have access to, without incurring the costs of actually starting up a new business to do so. Then, after you have accumulated the funds, and built up your business credit (using letter of credits makes it look like your company is purchasing) and building up your D&B (Dunns and Bradstreet) you can then perhaps employ your true intent, and make your proposed business actually happen.

Scott