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Supporting Norwegian Ambassador to Bangladesh's Progressive Approach to Sustainable Ship Recycling

Supporting Norwegian Ambassador to Bangladesh’s Progressive Approach to Sustainable Ship Recycling

Supporting Norwegian Ambassador to Bangladesh’s Progressive Approach to Sustainable Ship Recycling Recent concerns expressed by the NGO Shipbreaking Platform, Bellona, and other stakeholders within Norway’s recycling and waste industry require a critical evaluation to appreciate the comprehensive and proactive efforts of the Norwegian Embassy to Bangladesh. These efforts, often misunderstood, [...]

The World of Ship Recycling: A Look at Industry Leaders: Challenges and the Future

The World of Ship Recycling: A Look at Industry Leaders: Challenges and the Future

The World of Ship Recycling: A Look at Industry Leaders: Challenges and the Future The ship recycling industry plays a vital role in the maritime sector. It involves dismantling old and unwanted ships to recover valuable materials like steel, copper, and aluminium. This not only reduces reliance on mined resources [...]

Ship Recycling Market Experiences Mixed Fortunes: Environmental Controversy Looms Large

Ship Recycling Market Experiences Mixed Fortunes: Environmental Controversy Looms Large

Ship Recycling Market Experiences Mixed Fortunes: Environmental Controversy Looms Large The world of ship recycling is a complex one, and this week has been no different. A recent report by Best Oasis, a major player in the industry, paints a picture of a market with both positive and concerning developments. [...]

Ship Recycling Market Update: A Tale of Two Regions

Ship Recycling Market Update: A Tale of Two Regions

Ship Recycling Market Update: A Tale of Two Regions The latest report from GMS paints a contrasting picture of the global ship recycling market. While some regions struggle, others experience a much-needed revival. Bangladesh and Pakistan See a Resurgence The good news comes from Bangladesh and Pakistan. These markets have [...]

Alang's Shipbreaking Yards in Distress: Dismantling Dreams in Rough Waters

Alang’s Shipbreaking Yards in Distress: Dismantling Dreams in Rough Waters

Alang’s Shipbreaking Yards in Distress: Dismantling Dreams in Rough Waters Alang, India, boasts the world’s largest ship-breaking yards. But these once-bustling graveyards for giant vessels are now facing their worst slowdown in nearly a decade. The numbers speak for themselves. In 2023, just 136 ships arrived at Alang for their [...]

Ship Recycling market is facing a complex situation

Ship Recycling market is facing a complex situation

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

A Slow Start for Ship Recycling in 2024: Market Struggles with Tonnage Shortage

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, [...]

Shipbreaking: A Dismal Market with Bright Spots for Bangladesh

Shipbreaking: A Dismal Market with Bright Spots for Bangladesh

Shipbreaking: A Dismal Market with Bright Spots for Bangladesh The business of dismantling old ships, known as shipbreaking, is currently facing a challenging global climate. However, there are some bright spots, particularly for Bangladeshi shipbreakers. Low-Quality Ships Attract Bangladeshi and Pakistani Buyers According to GMS, the world’s largest buyer of [...]