Tag: Decline in global ship recycling tonnage 2024
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Global ship-breaking tonnage drops 20% y-o-y in CY’24. Will the tide turn in CY’25?
Around 30% drop in tonnage seen in Alang’s shipyards Inflation, currency depreciation impact Bangladesh, Pakistan Further churn in sector likely with HKC coming into effect in mid-CY’25 Morning Brief: The global ship-breaking industry faced significant challenges in calendar year 2024 (CY’24), with total recycling tonnage dropping by 19% y-o-y. According to BigMint data, the industry…