Weekly Ship Recycling Report by Best Oasis World’s leading cash buyer of ships for recycling. Ship recycling : little improvement in Indian market. (04 November 2023 – 10 November 2023) Highlights of the Week Best Oasis in their weekly ship recycling report stated that, we extend our sincerest wishes to [...]
Breaking Waves: Norway’s Generous Investment to Greenify Bangladesh’s Ship Recycling Yards Norway’s enormous $1.3 trillion wealth fund announced a significant decision on Tuesday. It declared that it successfully advocated for the reinstatement of Thoresen Thai Agencies and concluded its monitoring of Hyundai Glovis. Both companies had previously engaged in the [...]
Green Recycling and Regulatory Fog: Charting the Course for Ship Recycling’s Future The ship recycling industry is facing unprecedented challenges, creating an uncertain landscape for the market, according to Sanjiv Agarwal, the director of a prominent ship recycling facility in Alang, India. He notes a significant decline in demand and [...]
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 [...]
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 [...]
Despite a significant drop in shipbreaking activities by 65%, Bangladesh remains the world’s top nation for ship recycling, according to a report from the United Nations Conference on Trade and Development (UNCTAD). The country accounted for over one-third of global ship recycling, reducing its activities from 8.02 million tonnes in [...]
Highlights of the Week In evaluating the four ship recycling markets, it is evident that India has exhibited superior performance in comparison to other destinations. Conversely, Pakistan has encountered a predicament characterized by cautiousness and indecision among buyers, primarily due to the fluctuating currency exchange rates and the recent strengthening [...]
The ship recycling market is going through some changes, with more offers being made to ship owners recently. However, some shipyards are still waiting for more ships, especially container ships, to become available for recycling. According to a report from shipbroker Clarkson Platou Hellas, there has been an increase in [...]
Ship recycling, also known as shipbreaking, is a vital industry responsible for dismantling and disposing of old vessels at the end of their operational life. While this industry has often faced environmental and safety concerns, recent years have seen significant strides towards adopting the latest technologies to make ship recycling [...]
The ship recycling industry has faced a prolonged period of reduced activity, but there is hope on the horizon according to shipping experts. In their most recent weekly report, shipbroker Clarkson Platou Hellas pointed out that with September’s arrival, there is growing anticipation that this month might witness an uptick [...]
