Singapore Brokers Launch ‘Bid For Green’ Platform to Revolutionize Ship Recycling Industry Singapore-based Star Asia Shipbroking has launched a new platform to modernise the sector in a move set to transform the way end-of-life ships are sold for recycling. The new entity, Bid For Green (BFG), is Star Asia’s founder [...]
Ship Recycling: India Hoping brief recovery: BEST OASIS This week, the ship recycling industry across key regions remained relatively stable, with most markets seeing little change from the previous week. In India, the market continues to follow a familiar pattern of brief recovery phases followed by downturns, reflecting ongoing volatility. [...]
Global Experts Convene in Lisbon for the 2nd Edition of the Ship Recycling Lab The global maritime and recycling sectors gathered in Lisbon on October 9-10, 2024, for the second edition of the NGO Shipbreaking Platform’s Ship Recycling Lab. The event brought together more than 100 participants, including ship owners, [...]
The Ship Recycling Industry in India Poised for 10% Annual Growth by 2028: A New Era of Sustainable Dismantling India’s ship recycling industry, an essential part of the global maritime sector, is set to experience significant growth, with a projected compound annual growth rate (CAGR) of 10% by 2028. This [...]
India’s Ship Recycling Industry Sees Significant Growth Amidst Global Decline Mumbai: India’s ship recycling industry, a crucial player in the global maritime sector, is set for major growth, according to a report by CareEdge. In 2023, India’s share of the global ship recycling market rose to 33%, up from 27% [...]
Ship Recycling Market Sees Positive Movements Amid Challenges For the second consecutive week, ship recycling markets have experienced positive movements, largely driven by the firming of Chinese plate prices observed in the previous week. According to a report by leading cash buyer GMS, local plate prices in recycling hubs have [...]
Ship Recycling: India’s Market Displayed Steady Performance: BEST OASIS World’s leading Cash Buyer for Ships sending for recycling purposes BEST OASIS in their weekly ship recycling report opined that this week in the ship recycling industry, India’s market displayed steady performance, maintaining its previous week’s trends, although future developments remain [...]
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, [...]
Ship Recycling at Alang in dilemma: Only 6 ships beached during September 2024 South Asia dominates the global shipbreaking industry, accounting for a staggering 80 per cent of the sector, with India’s Alang shipbreaking yard at the forefront. However, the last two years have presented significant hurdles for this once-thriving [...]
The Slowdown at Alang: An Unprecedented Crisis for India’s Biggest Shipbreaking Yard Alang, Gujarat: The Alang shipbreaking yard once hailed as the largest of its kind in the world, now faces an 18-year low in business. The number of ageing ships making their final voyage to be dismantled has drastically [...]
