Global ship recycling tonnage falls over 20% y-o-y in Jan-Sept'24.

Ship Breaking Price Movement for Tankers

The Indian Rupee fluctuated significantly reaching all-time lows against the US dollar. The Pakistani Rupee saw similar volatility, trading at around PKR 277.50 per USD. The Bangladeshi Taka, too, depreciated quite a bit. As a result, Chattogram recyclers struggled with rising operational costs and increasingly limited cash flow, further constrained by local economic instability.


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