Optimism in Ship Recycling Market Amidst Decline in Baltic Index; Challenges Persist with Falling Steel Prices and Currency Depreciation According to Global Marketing Systems (GMS), the ship recycling market shows signs of life despite notable challenges in the broader shipping industry. This cautious optimism arises as the Baltic Exchange’s main [...]
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 [...]
Ship Recycling: India Hoping brief recovery: BEST OASIS This week, the ship recycling industry across key regions remained relatively stable, with most markets seeing little change from the previous week. In India, the market continues to follow a familiar pattern of brief recovery phases followed by downturns, reflecting ongoing volatility. [...]
Ship Recycling Market Sees Positive Movements Amid Challenges For the second consecutive week, ship recycling markets have experienced positive movements, largely driven by the firming of Chinese plate prices observed in the previous week. According to a report by leading cash buyer GMS, local plate prices in recycling hubs have [...]
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 [...]
Global Ship Recycling Sector Faces Subdued Prospects Amid Geopolitical and Economic Turmoil As we near the close of the third quarter of 2024, the global ship recycling industry is grappling with a bleak outlook, according to the latest report from GMS, the world’s largest buyer of ships for recycling. The [...]
A New Dawn for Alang Ship Recycling Industries In a move aimed at transforming the landscape of ship recycling in India, the Gujarat Maritime Board (GMB) has taken a significant step towards the consolidation of small plots within the state’s Alang ship recycling yards. This policy, formally announced by the [...]
Ship Recycling: The Indian market facing vessel shortage undermines buyers’ competitiveness The ship recycling industry faced a challenging landscape this week. In India, the market is experiencing a significant downturn, with minimal demand and a shortage of vessels, leading to a standstill in new deals and weakening international competitiveness. In [...]
Alang Ship Recycling Position as on 24th June 2024 [...]
Ship Recycling: Indian market remains unfavourable: BEST OASIS The world’s leading cash buyer for ships sending for recycling, BEST OASIS in their weekly ship recycling market report opined that “the four key ship recycling destinations are currently facing various challenges and market conditions. In India, the local market remains unfavourable [...]
