Ship Recycling: India’s Market stability and positive trends persist: BEST OASIS In the ship recycling markets across four key destinations, distinct trends are observed. In India, the market shows positive momentum with stable rates, and prevailing conditions suggest continued market favorability, assuming stable supply levels and no major geopolitical disruptions. [...]
Alang’s Shipbreaking Industry: A Success Story Under Strain Alang, a global leader in ship recycling, is facing a period of decline. Over the past five years, the industry has encountered a multitude of challenges, both domestic and international, threatening its past success. From Humble Beginnings to Open Market: The story [...]
Ship Recycling: Indian Market Back in Action: GMS Leading cash buyer for ships sending for recycling GMS opined in their weekly ship recycling report that, ship recycling in Indian market back in action. The ship recycling industry in India and surrounding countries (known as the Indian subcontinent) has seen a [...]
The World of Ship Recycling: A Look at Industry Leaders: Challenges and the Future The ship recycling industry plays a vital role in the maritime sector. It involves dismantling old and unwanted ships to recover valuable materials like steel, copper, and aluminium. This not only reduces reliance on mined resources [...]
Ship Recycling Heats Up in South Asia: But Concerns Linger Busy Week for Subcontinent Recyclers This past week brought a surprising turn of events for ship recycling yards in India, Pakistan, and Bangladesh. According to cash buyer GMS, there was a sudden increase in activity compared to recent weeks, measured [...]
Ship Recycling market is facing a complex situation The ship recycling industry is currently facing a complex situation, with a lack of large vessels available for demolition and a mix of trends across key players like India, Bangladesh, Pakistan, and Turkey. Market Overview: A recent report by shipbroker Best Oasis [...]
Ship Recycling: Downturn market in India: Best Oasis Worl’s leading cash buyers of ships sending for recycling, BEST OASIS opined in their weekly ship recycling market report that, the ship recycling markets across India, Bangladesh, Pakistan, and Turkiye are currently navigating through varying degrees of stagnation and cautious trading. In [...]
Alang ship recycling position as on 11th February 2024 [...]
World’s leading cash buyers of ships for recycling BEST OASIS in their weekly ship recycling report opined that, Indian market is unhealthy and still in declining mode. In the evaluation of the ship recycling sector this week, the Indian market continued to decline, and there appears to be no demand [...]
A Sharp Plunge in Product Tanker Recycling in 2023 Signals Industry Shifts By BIMCO In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at product tanker recycling activity which dropped to its lowest level on record in 2023, partly due to strong earnings, [...]
