Alang Ship Recycling weekly position as on 25th February 2024 Disclaimer: Hey there! Just a heads-up: the stuff you find on this website is meant for general info only. We try our best to keep it accurate and up-to-date, but we can’t guarantee it’s always perfect. We’re not making [...]
Ship Recycling: Indian market marked demand for vessel Over the past week, the ship recycling markets across various destinations have exhibited diverse trends. In India, the market has seen a slight uptick, marked by a modest increase in demand for vessels, signaling a positive shift in market conditions. Conversely, Bangladesh’s [...]
Global Ship Recycling Market Faces Stagnation and Uncertainty The ship recycling industry continues to struggle with sluggish activity and various challenges across key markets, according to reports from leading companies like Best Oasis, Clarkson Platou Hellas, and Allied. India: The situation in India, traditionally a major ship recycling hub, remains [...]
EU Ship Recycling Regulations Under Review: Potential Changes and Impact on Asian Yards The European Commission’s review of its Ship Recycling Regulations (EUSRR) is nearing completion, with results expected in the second quarter of 2024. This review holds significant implications for the future of shipbreaking practices, particularly concerning the potential [...]
The Ship Recycling Market: A Dwindling Supply and Uncertain Future The global ship recycling industry has been facing a significant challenge for several quarters now: a shortage of available ships for scrapping. This situation, highlighted by cash buyer GMS, has resulted in a stagnant market with minimal activity across all [...]
BIMCO Raises Alarm Over Conflicting Ship Recycling Regulations Ahead of the Marine Environment Protection Committee (MEPC) meeting, the International Maritime Organization (IMO) grapples with a pressing issue highlighted in a collaborative paper submitted by BIMCO and several prominent maritime nations. This paper underscores the looming clashes between the Hong Kong [...]
Ship Recycling : Indian Market is unchanged : BEST OASIS World’s leading cash buyer for Ships for recycling BEST OASIS opined that the Indian market remained the same as last week. The current position of the ship recycling industry in India is unchanged from the previous weeks. The demand for [...]
Exploring the Dynamics of the Ship Recycling Industry The ship recycling market has been experiencing a lack of tonnage and sluggish activity recently, with only minor shifts in momentum observed in some regions. Best Oasis, a prominent global cash buyer of ships, noted in its latest report that India’s ship [...]
The world’s leading cash buyer for ships sending for recycling, Best Oasis in their weekly ship recycling report opined that there is slight improvement seen in the ship recycling industry in India, but the demand is still lacking. This week, there has been a slight improvement in the ship recycling [...]
Alang Ship Recycling Weekly Report as on 27th January 2024 [...]
