Category: Shipping

Adani Group Sets Sail for Shipbuilding at Mundra Port- Aiming to Propel India into Top Shipbuilding Leagues

Adani Group Sets Sail for Shipbuilding at Mundra Port- Aiming to Propel India into Top Shipbuilding Leagues

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Ship Recycling: The Market Remains Stable in India: BEST OASIS

Ship Recycling: The Market Remains Stable in India: BEST OASIS

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Indian Port Traffic Sees Upward Trend in June 2024

Indian Port Traffic Sees Upward Trend in June 2024

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Ship Recycling Industry at a Crossroads: Low Rates and Environmental Concerns Prompt Call for Innovation

Ship Recycling Industry at a Crossroads: Low Rates and Environmental Concerns Prompt Call for Innovation

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Revitalizing the Indian Shipbuilding Industry: A Workshop by MoPSW

Revitalizing the Indian Shipbuilding Industry: A Workshop by MoPSW

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Ship Recycling in Rough Waters: Monsoon Season and Economic Challenges

Ship Recycling in Rough Waters: Monsoon Season and Economic Challenges

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Disaster Strikes Lürssen Shipyard: Massive Fire Destroys Building and Yacht

Disaster Strikes Lürssen Shipyard: Massive Fire Destroys Building and Yacht

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“in India, the market is facing a persistent decline with little to no demand, and there is a notable shortage of available vessels; consequently, no new vessel deals have been concluded due to the current market situation. Indian buyers are struggling to compete internationally, as the ongoing downward trend has significantly impacted their competitiveness against global counterparts. Market typically experiences lower demand during the monsoon season, following historical trends. However, the current market is highly unpredictable, making it difficult to rely on past patterns for forecasting demand. Indian steel exports are facing challenges due to China’s overcapacity and weak domestic demand, leading to a global market flooded with cheap steel. In May 2024, India’s steel exports dropped nearly 25% month-on-month”.

Ship Recycling Industry Faces Challenges Amidst Global Economic Uncertainty

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India's Shipyards Set Sail for Bigger Role in Global Market

India’s Shipyards Set Sail for Bigger Role in Global Market

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Unveiling the Global Ship Breaking and Recycling Market: Insights and Forecasts

Unveiling the Global Ship Breaking and Recycling Market: Insights and Forecasts

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Recent News

Indian Navy’s Fleet Support Ship Keel Laying Ceremony Marks Key Step in Strengthening Blue-Water Capability

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BIMCO Launches Ship Recycling Alliance to Propel Safe and Sustainable Ship Disposal

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Royal Caribbean Cruise Ship Tilts 45 Degrees in Sudden Storm

Royal Caribbean Cruise Ship Tilts 45 Degrees in Sudden Storm

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BIMCO Launches Ship Recycling Alliance to Drive Safer and Greener Ship Disposal

BIMCO Launches Ship Recycling Alliance to Drive Safer and Greener Ship Disposal

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Canada’s Labor Minister Steps Into End Port Lockouts Amid Economic Impact

Canada’s Labor Minister Steps Into End Port Lockouts Amid Economic Impact

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