Ship Recycling: India’s market has seen a notable boost: BEST OASIS The world’s biggest cash buyer for ships sending for recycling, BEST OASIS in their weekly ship recycling market report opined that India’s market has seen a notable boost. Dubai recently experienced unprecedented flash floods, causing significant disruptions and challenges [...]
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. [...]
A Sharp Plunge in Product Tanker Recycling in 2023 Signals Industry Shifts By BIMCO In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at product tanker recycling activity which dropped to its lowest level on record in 2023, partly due to strong earnings, [...]
Alang’s Ship Recycling Renaissance: A Beacon of Hope in Challenging Times. In the bustling coastal town of Alang, where the ship recycling industry has faced numerous challenges over the past couple of years, there is finally a glimmer of hope. In the first seven months of the fiscal year 2023-24, [...]
