Ship recycling is observed to be adversely related to the global commodity flow in the past. Shipowners tend to have their ship recycled and recover their capital , at least in partial, in times of low demand for commercial ships, leading to more ships get recycled in the recent future. This pattern may also be reinforced by the fact that a diversification of the international supply chain may emerge that may encourage more local products than products that are imported from other countries or regions.
In this situation, can ship recycling business be surged for COVID-19? if so, can the workers be more vulnerable?