Tag: Alang market downturn
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South Asia: India leads in ship recycling; Pakistan, Bangladesh continue to grapple with challenges
Indian recyclers witness ship arrivals in Jan’25 Pakistani yards see zero activity amid economic instability India: In January 2025, India’s ship-breaking sector led with 120,779 LDT, surging over 110% from December 2024’s 56,491 LDT. This also marked a sharp rise of more than 50% from January 2024’s 79,341 LDT. The Alang ship-breaking yard saw stable…