Tag: Gadani shipbreaking
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South Asia: Ship recycling markets remain under pressure
Competitive pricing shifts vessels away from India Pakistan hopes approvals attract owners soon South Asia’s ship-recycling market remained subdued in the week ending 28 November, with India receiving the highest tonnage of 81,234 tonnes, and while Pakistan recorded no new arrivals. Prices remained unchanged across all regions w-o-w, with Bangladesh maintaining the stronges CFR levels…