Category: Weekly Ship Recycling MARKET Report

“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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Ship Recycling: The Indian market facing vessel shortage undermines buyers’ competitiveness

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Challenging Conditions in the Ship Recycling Market

Turbulent Waters: Challenges and Mixed Signals in the Ship Recycling Market

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Ship Recycling: Indian market remains unfavourable : BEST OASIS

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Ship Recycling Market: Boom Expected in India Despite Short-Term Downturn

Ship Recycling Market: Boom Expected in India Despite Short-Term Downturn

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Indian Ship Recycling Industry Set for a Rebound: Up 15% Growth Expected

Indian Ship Recycling Industry Set for a Rebound: Up 15% Growth Expected

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Ship Recycling: India is currently in a downturn: BEST OASIS

Ship Recycling: India is currently in a downturn: BEST OASIS

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Ship Recycling: India experienced a notable decline

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Ship Recycling: Severe weather affected India

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Ship Recycling Market Update: Mixed Signals and a Greener Future

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Recent News

India to Build Rs 4000 Crore National Maritime Heritage Museum at Lothal by 2029

India to Build Rs 4000 Crore National Maritime Heritage Museum at Lothal by 2029

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Navy Speedboat Collision Near Mumbai Kills 13: Investigation Underway

Navy Speedboat Collision Near Mumbai Kills 13: Investigation Underway

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Shipbreaking pollutes Türkiye’s coast despite European cleanup efforts

Shipbreaking pollutes Türkiye’s coast despite European cleanup efforts

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Ship Recycling: Facing a challenging and subdued environment: BEST OASIS

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Russian Tanker Sinks in Black Sea Amid Storm: Threatening Ecological Disaster

Russian Tanker Sinks in Black Sea Amid Storm: Threatening Ecological Disaster

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