- Bangladesh yard activity normalises as monsoon eases
- Pending deliveries keep Gadani beach activity subdued
South Asian ship-breaking markets remained firm during the week ended 11 August 2026, with limited vessel availability, improving buyer competition, and weather-related disruptions shaping sentiment. Alang buying interest strengthened, operations at Bangladeshi yards normalised as monsoon conditions eased, while Gadani remained supported by firm recycler demand and recent vessel diversions.
India: Alang buying sentiment strengthens amid limited tonnage
Shipbreaking market sentiment improved during the week as Alang buyers stepped up vessel enquiries after several recent candidates were diverted to Chattogram and Gadani. Despite subdued downstream steel demand, recyclers showed greater willingness to compete for available tonnage.
Local plate prices increased from INR 38,300/t ($401/t) to INR 39,200/t ($411/t), while the stronger rupee lifted the USD, providing a firmer pricing backdrop for recyclers.
The next tide window is scheduled for 9-18 August, with vessel availability remaining limited. More than 115 valid Statements of Compliance continue to provide India with a strong compliant-vessel pool, although the pending EU List proposal remains a key regulatory consideration.
Bangladesh: Yard activity normalises as monsoon eases
Shipbreaking market stabilised as the 29 July-1 August tide window closed on schedule, helping yards clear the backlog caused by monsoon flooding. With weather conditions improving, yards are operating normally, while anchorage activity is rebuilding ahead of the next tide window from 12-15 August.
Buyer enquiry remains healthy, particularly for mid-sized vessels, while Bangladesh continues to offer competitive shipbreaking prices in the region. Local plate prices eased from BDT 64,700/t ($523/t) to BDT 64,000/t ($518/t) and remained stable through the week.
Despite the slight decline in plate prices, buying sentiment remains firm. Limited vessel availability and rebuilding anchorage queues could support competition for suitable tonnage in the coming weeks.
Pakistan: Firm buying supports Gadani amid limited vessel availability
Shipbreaking market remained firm as Gadani buyers secured several recent vessel candidates, with deliveries expected over the coming weeks. The continued absence of imported Iranian steel has kept local mills reliant on recycled feedstock, supporting firm recycler demand.
Local plate prices remained stable at around PKR 200,000/t ($720/t), while buying appetite stayed healthy despite limited downstream steel demand.
The latest vessel diversions highlight stronger competition for available tonnage across the region. With pending deliveries yet to arrive, Gadani’s currently quiet beach activity appears more reflective of vessel timing than weakening demand.
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