Freight Sectors Defy Global Crises, Ship Recycling Markets Struggle Amidst Economic Instability Amidst a backdrop of global crises and economic uncertainty, the freight sector is demonstrating an unseasonably strong performance, even as ship recycling nations grapple with life-threatening challenges. According to reports from GMS, a leading cash buyer, the persistent [...]
Alang’s Shipbreaking Industry on the Brink: BIS Decision Casts a Long Shadow Resolving the BIS issue is not just about saving an industry; it’s about preserving the livelihoods of thousands of workers and maintaining the economic stability of Bhavnagar district. The situation in Alang has garnered the attention of local [...]
Escalating Conflict Casts Shadow Over Middle East and Global Shipping The spectre of a full-blown war looms large over the Middle East as the region reels from a fresh wave of violence that has claimed the lives of dozens, primarily children. The conflict, which erupted following a devastating Hamas attack [...]
Global Ship Recycling Markets in a Holding Pattern: Await-and-See Approach Prevails The global ship recycling industry is currently experiencing a period of sluggish activity, according to a report by leading cash buyer GMS. This week saw minimal sale and purchase agreements, as well as limited local arrivals and deliveries at [...]
Ship Recycling: The Market Remains Stable in India: BEST OASIS World’s leading cash buyers for ships sending for recycling, BEST OASIS in their weekly Ship Recycling Market Report opined that here’s an overview of the current ship recycling market across various destinations. In India, the market remains stable, with the [...]
Alang Ship Breaking: Setting the Safety Standard in South Asia Alang, a coastal town in the Indian state of Gujarat, has long been a hub for shipbreaking activities. It stands out not only as one of the largest ship-breaking yards in the world but also as a leader in safety [...]
Alang ship recycling weekly report as on 30th June [...]
Ship Recycling: The Indian market facing vessel shortage undermines buyers’ competitiveness The ship recycling industry faced a challenging landscape this week. In India, the market is experiencing a significant downturn, with minimal demand and a shortage of vessels, leading to a standstill in new deals and weakening international competitiveness. In [...]
Turbulent Waters: Challenges and Mixed Signals in the Ship Recycling Market The ship recycling industry has encountered a wave of difficulties in recent weeks, according to reports from leading cash buyer Best Oasis and shipbroker Banchero Costa. While there are some signs of a potentially brighter future on the horizon, [...]
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 [...]
