During next 10 years Global Ship Recycling Market is Expected to Increase Significantly The global ship recycling market is poised for significant growth between 2024 and 2034. Businesses across various sectors are increasingly realizing the importance of adopting effective ship recycling strategies as the digital marketing landscape continues to evolve. [...]
As summer and the monsoon season approaches, the ship recycling markets in Turkey and the Indian subcontinent have been experiencing a firming trend. Pakistan, although still relatively stable, has shown signs of saturation after a period of substantial intake of vessels. Despite surpassing last year’s recycling volumes with three new [...]
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 [...]
GMS Anticipates a Glimmer of Hope for Ship-Recycling Industry in 2024 The ship-recycling industry faced a challenging 2023, culminating in a particularly dismal six-month tail end. However, as we step into 2024, there is a cautious optimism and a ray of hope for recovery, according to cash buyer GMS. Multiple [...]
