Ship Recycling in India Picks Up Steam as Owners Cash In on Ageing Vessels There’s a flurry of activity in the ship recycling industry across India and neighbouring countries, according to a report by cash buyer GMS. This surge comes after recent turmoil in shipping trade lanes. Owners Sell Overaged [...]
Ship Recycling Market Jitters with Influx of Tonnage The ship recycling industry is experiencing a shift as freight markets face their first signs of trouble in 2024. According to a recent report by GMS, a growing number of ships are being proposed for sale to scrapyards. This trend is evident [...]
Ship Recycling: Indian Market Back in Action: GMS Leading cash buyer for ships sending for recycling GMS opined in their weekly ship recycling report that, ship recycling in Indian market back in action. The ship recycling industry in India and surrounding countries (known as the Indian subcontinent) has seen a [...]
The Ship Recycling Slump Continues: With a Glimmer of Hope? The first quarter of 2024 is over, Ramadan is nearing its end, and Eid celebrations are approaching. According to GMS’s latest ship recycling report, this translates to another sluggish week for global ship sales and activity. The report paints a [...]
Ship Recycling Heats Up in South Asia: But Concerns Linger Busy Week for Subcontinent Recyclers This past week brought a surprising turn of events for ship recycling yards in India, Pakistan, and Bangladesh. According to cash buyer GMS, there was a sudden increase in activity compared to recent weeks, measured [...]
Ship Recycling market is facing a complex situation The ship recycling industry is currently facing a complex situation, with a lack of large vessels available for demolition and a mix of trends across key players like India, Bangladesh, Pakistan, and Turkey. Market Overview: A recent report by shipbroker Best Oasis [...]
A Slow Start for Ship Recycling in 2024: Market Struggles with Tonnage Shortage The global ship recycling industry seems stuck in a rut, according to the latest report by GMS, a company involved in ship demolition sales. This week, activity remained sluggish across major shipbreaking locations, including India, Bangladesh, Pakistan, [...]
Deep Dive into the Stifling Ship Recycling Market Global Market in Chokehold: The latest report from GMS paints a grim picture of the global ship recycling market, describing it as “suffocating” due to a severe shortage of available ships. This lack of tonnage is squeezing ship recyclers worldwide, impacting their [...]
Ship Recycling: The Indian market is still sluggish GMS, a leading authority in ship recycling, has released its latest update on the industry. Despite the end of the Chinese New Year holidays more than a week ago, the global ship-recycling markets are still sluggish due to a persistent shortage of [...]
The Ship Recycling Market: A Dwindling Supply and Uncertain Future The global ship recycling industry has been facing a significant challenge for several quarters now: a shortage of available ships for scrapping. This situation, highlighted by cash buyer GMS, has resulted in a stagnant market with minimal activity across all [...]
