Ship Recycling: The Indian market is still sluggish GMS, a leading authority in ship recycling, has released its latest update on the industry. Despite the end of the Chinese New Year holidays more than a week ago, the global ship-recycling markets are still sluggish due to a persistent shortage of [...]
Alang Ship Recycling weekly position as on 25th February 2024 Disclaimer: Hey there! Just a heads-up: the stuff you find on this website is meant for general info only. We try our best to keep it accurate and up-to-date, but we can’t guarantee it’s always perfect. We’re not making [...]
Ship Recycling: Indian market marked demand for vessel Over the past week, the ship recycling markets across various destinations have exhibited diverse trends. In India, the market has seen a slight uptick, marked by a modest increase in demand for vessels, signaling a positive shift in market conditions. Conversely, Bangladesh’s [...]
Sustainable Ship Recycling: Global Summit in Mumbai The ship recycling industry, especially in South Asia, is important for recovering resources and driving economic activity. However, there are worries about its impact on the environment, the safety of workers, and ethical practices. The International Green Ship Recycling Summit 2024 in Mumbai [...]
Global Ship Recycling Market Faces Stagnation and Uncertainty The ship recycling industry continues to struggle with sluggish activity and various challenges across key markets, according to reports from leading companies like Best Oasis, Clarkson Platou Hellas, and Allied. India: The situation in India, traditionally a major ship recycling hub, remains [...]
EU Ship Recycling Regulations Under Review: Potential Changes and Impact on Asian Yards The European Commission’s review of its Ship Recycling Regulations (EUSRR) is nearing completion, with results expected in the second quarter of 2024. This review holds significant implications for the future of shipbreaking practices, particularly concerning the potential [...]
The Ship Recycling Market: Challenges Amidst Demand and Global Economic Slowdown The ship recycling market, despite the persistent demand for ships, finds itself in a state of sluggishness. Best Oasis, a prominent cash buyer of ships, paints a picture of the current landscape as stagnant, with little signs of improvement [...]
