Indian Ship Recycling Industry Set for a Rebound: Up 15% Growth Expected The Indian ship recycling industry is expected to see a significant turnaround after two years of decline. Analysts predict a growth of nearly 15% in revenue this fiscal year, following drops of 22% and 8.5% in the previous [...]
Ship Recycling: India experienced a notable decline World’s leading cash buyers for ships sending for recycling, BEST OASIS in their weekly ship recycling report opined that “India experienced a notable decline”. BEST OASIS said “We extend our sincere gratitude to all who attended our cocktail party in Athens, Greece. Your [...]
Priya Blue City: A Beacon of Hope for the Ship Recycling Industry A New Era for Worker Welfare and Sustainability Priya Blue Industries has taken a groundbreaking step in the ship recycling industry by unveiling Priya Blue City in Alang, Gujarat, India. This state-of-the-art facility isn’t just a place to [...]
MSC Rita’s Fiery Farewell: Container Ship Sold for Recycling Amidst Industry Challenges In June, a significant event unfolded in the maritime world as a fire broke out on the MSC Rita, a container ship belonging to MSC Mediterranean Shipping Company. The vessel was anchored off Abu Dhabi’s Khalifa Port at [...]
Steel Plate Prices Lagging in Indian Sub-Continent Ship Recycling The ship recycling market has been relatively quiet lately, with activity slowing down during the Diwali festivities. According to a recent report from shipbroker Clarkson Platou Hellas, the recycling market remained inactive as Diwali celebrations were in full swing. Despite this, [...]
For the past year, India’s Alang shipbreaking market has seen a slight slowdown in activity amid softening demand in the international recycling market. In contrast, neighboring countries like Bangladesh and Pakistan have faced delayed softness in the markets, problems with L.C. (letter of credit) from banks, and fluctuations in exchange [...]
