Optimism in Ship Recycling Market Amidst Decline in Baltic Index; Challenges Persist with Falling Steel Prices and Currency Depreciation According to Global Marketing Systems (GMS), the ship recycling market shows signs of life despite notable challenges in the broader shipping industry. This cautious optimism arises as the Baltic Exchange’s main [...]
India’s Ship Recycling Industry Thrives Amid Global Slowdown In an era where global industries are grappling with economic uncertainty and fluctuating market conditions, India’s ship recycling sector has emerged as a rare bright spot. While shipbreaking yards in other regions, such as Bangladesh and Turkey, experience stagnation and declining activity, [...]
Riding the Tides: The Turbulent Journey of Ship Prices in 2023 As the international ship recycling community wraps up the year, there’s a sense of mixed emotions, according to the insights shared by cash buyer GMS. Reflecting on the past year, GMS notes that 2023 has seen more concluded deals [...]
