It counts 57.5m dwt leaving the trading fleet in 2012, up 34.9% on 2011 and a huge increase from the 19.5m dwt average between 2005 and 2011.

Clarksons' Sarinka Parry-Jones explains India led the way, chopping up ships of 19.4m dwt, ahead of Bangladesh and Pakistan which took in 13.7m dwt and 10.1m dwt respectively.

“In 2012, despite a volatile rupee, Indian breakers took 32.6%