Ship Recycling Markets Face Unprecedented Challenges Amid Global Political and Economic Instability: GMS The ship recycling industry is grappling with significant uncertainty as the global geopolitical landscape deteriorates. According to GMS, a leading cash buyer in the shipbreaking sector, volatile political climates, ongoing wars, and the resulting financial instability have [...]
The Future of Ship Recycling Industries: A Greener Horizon on the Seas As the world shifts its focus towards sustainability and environmental consciousness, the ship recycling industry has found itself at a crossroads. Often referred to as the “graveyard” of the maritime industry, ship recycling has traditionally been an essential [...]
The Evolving Landscape of Ship Recycling: Balancing Regulations with Practical Solutions The world of ship recycling is a complex one, caught in a tug-of-war between stricter regulations and the need for practical solutions. Companies that act as middlemen between ship owners and recycling facilities are taking proactive steps to improve [...]
As summer and the monsoon season approaches, the ship recycling markets in Turkey and the Indian subcontinent have been experiencing a firming trend. Pakistan, although still relatively stable, has shown signs of saturation after a period of substantial intake of vessels. Despite surpassing last year’s recycling volumes with three new [...]
