Ship breaking is a potential industry for Bangladesh. At present the position of Bangladesh is third in the world for ship breaking activities. This industry pays about 100 million to 130 million USD each year to the government. Bangladesh does not have iron as such has to depend on the scrapped iron and about 90% of iron materials come from this industry. Other items of the ship such as engines, generators, boilers, electrical items, furniture, plumbing items, refrigerators, air conditioners etc. have a good market in Bangladesh. A lot of stakeholders are involved with these scrapping activities. A coherent picture of these scrapping activities in Bangladesh from the angle of socio-economics benefits of different stake holders, constraints and problems for the development of this sector has been drawn in this book.