Ship Recycling Market Struggles Amidst Global Uncertainty There’s bad news for the ship recycling industry. Despite a small number of ships becoming available for sale recently, there’s a major shortage of vessels to meet even the basic needs of major recycling locations. This scarcity is causing problems for ship owners [...]
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. [...]
Ship Recycling Market Struggles Amidst Uncertainties: A Breakdown The ship recycling industry is facing a period of sluggish activity, with several factors contributing to a lack of available ships for dismantling, particularly in Bangladesh and Pakistan. Here’s a closer look at the current trends in key ship-breaking regions: Bangladesh and [...]
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 [...]
Ship recycling market update: Prices rise due to limited supply Good news for ship owners, bad news for recyclers: Ship recycling prices are going up because there are fewer ships available to be broken down. Here’s a breakdown by location: India: Prices are slightly up due to a modest increase in [...]
Ship Recycling: Demand in Alang remained low: BEST OASIS World’s leading cash buyers for ships for recycling, BEST OASIS in their weekly report opined that The ship recycling sectors across India, Bangladesh, Pakistan, and Turkiye are experiencing varying degrees of market stagnation and operational challenges. In Alang, India, the market [...]
The Ship Recycling Market: Challenges Amidst Demand and Global Economic Slowdown The ship recycling market, despite the persistent demand for ships, finds itself in a state of sluggishness. Best Oasis, a prominent cash buyer of ships, paints a picture of the current landscape as stagnant, with little signs of improvement [...]
Alang ship recycling position as on 11th February 2024 [...]
