Ship Breaking and Recycling Market Unveiled: Trends, Challenges, and Growth Factors The Ship Breaking and Recycling Market research report offers valuable insights into the current market scenario, upcoming trends, and detailed analysis of products and services. It provides essential statistics regarding the market’s status, size, share, and growth factors. The [...]
The ship recycling industry, a vital component of the maritime sector, is currently facing a series of challenges that have cast a shadow over its usual vigor. In recent weeks, the market has experienced a slowdown primarily due to a drop in supply. The Indian recycling market, a key player [...]
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, [...]
Highlights of the Week Throughout the current week, the ship recycling industry has exhibited a lackluster performance across various recycling destinations. In the context of India, it is evident that the market has encountered a slowed pace, characterized by a persistent downward trajectory. This trend has been particularly observed in [...]
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 [...]
Leading cash buyer of ships for demolition, GMS predicted that, in recent times, the Indian ship recycling sector has experienced a series of positive developments, while its counterparts in Pakistan and Bangladesh are struggling to catch up. Despite minor fluctuations such as a decrease in steel plate prices by approximately [...]
Alang ship recycling position as on 9th October 2023 [...]
The Alang coast, a significant hub for shipbreaking activities, witnessed a notable surge in ship arrivals during September, marking a promising turn of events for the local industry. In the current financial year, September emerged as a beacon of hope as 14 ships made their way to Alang, the highest [...]
The ship recycling market has seen increased interest from India in the past week. According to shipbroker Clarkson Platou Hellas, India is taking the lead in making offers for ship recycling. This interest is partly due to a boost from the local steel industry, which encourages recyclers to offer better [...]
For decades, the Alang Ship Recycling Yard in the Indian state of Gujarat stood as a symbol of environmental degradation and hazardous working conditions. However, in recent years, this notorious ship-breaking yard has undergone a remarkable transformation. Through a series of strategic initiatives, innovative technologies, and a commitment to sustainability, [...]
