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, 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 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, [...]
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 [...]
Alang ship recycling weekly report as of 9th March [...]
Urgent Action Needed to Address Concerns Over Shipbreaking in Union Bay Two British Columbia ministers have called on the federal government to take immediate action regarding the Deep Water Recovery shipbreaking site in Union Bay. The ministers, Nathan Cullen (Water, Land and Resource Stewardship) and George Hayman (Environment and Climate [...]
Ship Recycling Market Remains Stagnant Despite Increased Demand for Scrap Vessels The ship recycling industry continues to struggle, despite an increase in demand for ships to be dismantled. This is according to a recent report by Best Oasis, the world’s leading cash buyer of ships. Market Stagnation Across Key Regions: [...]
Ship Recycling: Downturn market in India: Best Oasis Worl’s leading cash buyers of ships sending for recycling, BEST OASIS opined in their weekly ship recycling market report that, the ship recycling markets across India, Bangladesh, Pakistan, and Turkiye are currently navigating through varying degrees of stagnation and cautious trading. In [...]
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 [...]
