Where do ships go to die?

When I visited Kao-chiung in the early 80's I was amazed by the numner of ships lying winched up on the beaches.
When walking through town, the streetss were laced with shops selling electrical engines, wire, winches, engine parts etc.

When I look through the website created by Greenpeace about the present practices of shipbreaking around the Indian Ocean, it appears nothing has changed on 20 years.

Just page through this site and be amazed/shocked how the big shipping companies make their money at the expense of developing countries and marine life in general. They save about 1 MUS$ per ship in scrapping cost this way.