Ship Recycling: Market continues to struggle in India: BEST OASIS World’s leading cashThis week in the ship recycling market saw consistent challenges across regions, with demand largely stalled and activity slow. In India, the market continues to struggle under prolonged low demand and stagnant trends. With Diwali just around the [...]
Alang Ship Recycling Surrounded with Encroachment on 261 Hectares of Land Strict Action Orders Targeting Gauchar and Government Lands In a decisive move against land encroachment, authorities have initiated action on 261 hectares of land surrounding Alang, with a particular focus on illegal encroachments affecting both government Gaucher and fallow [...]
India’s Ship Recycling Industry Thrives Amid Global Slowdown In an era where global industries are grappling with economic uncertainty and fluctuating market conditions, India’s ship recycling sector has emerged as a rare bright spot. While shipbreaking yards in other regions, such as Bangladesh and Turkey, experience stagnation and declining activity, [...]
Ship Recycling at Alang in dilemma: Only 6 ships beached during September 2024 South Asia dominates the global shipbreaking industry, accounting for a staggering 80 per cent of the sector, with India’s Alang shipbreaking yard at the forefront. However, the last two years have presented significant hurdles for this once-thriving [...]
Alang Ship Recycling Has Improved in the Last Decade Alang, located on the western coast of India, has been the largest shipbreaking yard in the world for decades. Stretching over 10 kilometres along the Gulf of Khambhat, it has long been a hub where old ships from all over the [...]
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 [...]
The Slowdown at Alang: An Unprecedented Crisis for India’s Biggest Shipbreaking Yard Alang, Gujarat: The Alang shipbreaking yard once hailed as the largest of its kind in the world, now faces an 18-year low in business. The number of ageing ships making their final voyage to be dismantled has drastically [...]
Alang ship recycling position as on 22nd September 2024 [...]
Ship Recycling: Industry is enduring a challenging phase: BEST OASIS The ship recycling industry is enduring a challenging phase, marked by weak sentiment and low activity across all major markets. In India, market participants are cautious, holding off on offers as prices adjust to reflect current conditions. Bangladesh is similarly [...]
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 [...]
