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 [...]
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. [...]
India’s Shipbreaking Dilemma: A Double Standard? Alang, India’s Shipbreaking Haven, Faces a Regulatory Conundrum Alang, a coastal town in the Indian state of Gujarat, has long held the distinction of being Asia’s largest ship recycling hub. The vast shipbreaking yards, stretching along the coast, are a beehive of activity. They [...]
Ship Recycling market remains sluggish: BEST OASIS World’s leading Cash Buyer for ships sending for recycling “BEST OASIS” in their weekly ship recycling report opined that this week, the ship recycling markets across the major destinations continued to face a challenging environment. In India, the market remains sluggish with low [...]
Alang Yards Invest for HKC Compliance: Hoping to Regain Footing in Global Market Alang, Gujarat – Several shipbreaking yards at the infamous Alang facility in India have announced significant investments towards achieving compliance with the Hong Kong Convention (HKC) for safe and environmentally sound ship recycling. This move comes amidst [...]
