Within last 15 days, total 10 ships have been reported to breach at Alang (Gujarat) in the month of Jun’16. There are total 6 vessels, carrying 45,666 LDT are waiting for breaching, however, there are no expected vessels for the month.
In May’16, total 17 ships were arrived for demolition in Alang (Gujurat) against 30 ships in Apr’16.
In Indian domestic market, ship breaking prices are hovering in the range of INR 15,450-18,300/MT, registering price corrections of INR 200-400/MT in a week’s time. Meanwhile, imported scrap offers to India moved up slightly by USD 5-10/MT.
Global market price scenario
In global market, prices in sub-continent and other nations like China, Bangladesh and Pakistan continued to remain stable during week 24 against last week. Demolition prices in Bangladesh and Pakistan are assessed at USD 250/lt Ldt and USD 245/lt Ldt respectively for general cargo.
Global ship breaking prices (in USD/ltldt) in week 24
| Country | General Cargo | W-o-W | Tanker | W-o-W |
| India | 240 | 0 | 270 | 0 |
| Bangladesh | 250 | 0 | 280 | 0 |
| Pakistan | 245 | 0 | 275 | 0 |
| China | 150 | 0 | 160 | 0 |
| Turkey | 160 | 0 | 165 | 0 |
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