Ship Recycling Market Struggles Amidst Global Uncertainty There’s bad news for the ship recycling industry. Despite a small number of ships becoming available for sale recently, there’s a major shortage of vessels to meet even the basic needs of major recycling locations. This scarcity is causing problems for ship owners [...]
Ship Recycling Market Update: A Tale of Two Regions The latest report from GMS paints a contrasting picture of the global ship recycling market. While some regions struggle, others experience a much-needed revival. Bangladesh and Pakistan See a Resurgence The good news comes from Bangladesh and Pakistan. These markets have [...]
Alang’s Shipbreaking Yards in Distress: Dismantling Dreams in Rough Waters Alang, India, boasts the world’s largest ship-breaking yards. But these once-bustling graveyards for giant vessels are now facing their worst slowdown in nearly a decade. The numbers speak for themselves. In 2023, just 136 ships arrived at Alang for their [...]
Alang Shipbreaking Industry Struggles Despite Government Support The Alang shipbreaking industry in Bhavnagar district, Gujarat, is facing a major crisis, despite significant efforts by the central and state governments. This industry, responsible for 98% of India’s ship recycling, is currently in a slump due to international factors beyond its control. [...]
Ship Recycling Market Struggles Amidst Uncertainties: A Breakdown The ship recycling industry is facing a period of sluggish activity, with several factors contributing to a lack of available ships for dismantling, particularly in Bangladesh and Pakistan. Here’s a closer look at the current trends in key ship-breaking regions: Bangladesh and [...]
Alang ship recycling position as on 16th March 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 any [...]
Ship Recycling market is facing a complex situation The ship recycling industry is currently facing a complex situation, with a lack of large vessels available for demolition and a mix of trends across key players like India, Bangladesh, Pakistan, and Turkey. Market Overview: A recent report by shipbroker Best Oasis [...]
Urgent Action Needed to Address Concerns Over Shipbreaking in Union Bay Two British Columbia ministers have called on the federal government to take immediate action regarding the Deep Water Recovery shipbreaking site in Union Bay. The ministers, Nathan Cullen (Water, Land and Resource Stewardship) and George Hayman (Environment and Climate [...]
Alang Shipyard Gears Up for Expansion Despite Declining Business India’s largest ship-breaking yard in Alang, Gujarat, is undergoing a significant expansion plan after nearly four decades of operation. This initiative aims to revitalize the industry and increase its capacity. Key Points of the Expansion Plan: Doubling Capacity: The Gujarat Maritime Board [...]
Ship Recycling: Downturn market in India: Best Oasis Worl’s leading cash buyers of ships sending for recycling, BEST OASIS opined in their weekly ship recycling market report that, the ship recycling markets across India, Bangladesh, Pakistan, and Turkiye are currently navigating through varying degrees of stagnation and cautious trading. In [...]
