Tag: Economic Impact on Ship Recycling

South Asia: Ship-breaking tonnage falls 12% m-o-m amid macroeconomic headwinds

Dec 4, 2024

—

by

Adarsh Ramteke

in Ship Breaking

India’s ship recycling tonnage doubles y-o-y in Nov’24 Pakistan’s ship recycling market freezes amid economic struggles The South Asian ship-breaking sector saw a decline in activity in November 2024, with India, Pakistan, and Bangladesh collectively dismantling 166,456 light displacement tonnes (LDT), a 12% drop from October’s 189,537 LDT. Despite this m-o-m decrease, the annualised tonnage…