Breaking of Old Scrap Ships is Posing a Serious Threat to the Lives of Workers and Polluting the Coastal Environment in BANGLADESH Sitakunda, a coastal area in Chattogram district, Bangladesh, is home to one of the largest shipbreaking industries in the world. While this industry contributes significantly to the economy [...]
Cash buyer GMS reports an eerie calm has descended across tense global economies including the needy ship recycling sector Global economic tensions have reached an unnerving point of stillness, according to GMS, a leading buyer in the cash shipping industry. This quiet comes in the wake of months of mounting [...]
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 [...]
Cash Buyer GMS Reports Positive Movements in Sub-Continent Ship Recycling Market In a recent statement, GMS, a prominent cash buyer in the global ship recycling industry, reported some encouraging developments within the sub-continent’s ship recycling sector. While the overall landscape remains cautious, India and Bangladesh, two key players in the [...]
Ship Recycling: No Signs of Recovery in India: BEST OASIS World’s leading cash buyers for ships sending for recycling in their weekly ship recycling market report opined that Ship recycling activities across all major destinations continue to struggle, with market sentiment largely negative. In India, the market has been down [...]
Explosion at Shipbreaking Yard in Sitakunda Bangladesh: 12 workers severely injured Another tragic accident at a shipbreaking yard in Chattogram’s Sitakunda has once again spotlighted the dire working conditions in Bangladesh’s hazardous shipbreaking industry. On Saturday, an explosion at SN Corporation’s shipbreaking yard left 12 workers severely injured, with 10 [...]
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 [...]
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 [...]
Ship Recycling: Industry facing significant challenges: BEST OASIS Worl’s leading cash buyer for ships sending for recycling BEST OASIS in their weekly ship recycling report opined that “this week, the ship recycling industry faced significant challenges across multiple regions. In India, the market has experienced a consistent decline over recent [...]
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 [...]
