Tag: Global Ship Breaking
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South Asia: Ship breaking tonnage rises over 10% m-o-m in Jan’24 despite drop in India’s volume
In January 2024, the South Asian ship-breaking industry witnessed significant change, with an 11% increase in total processed tonnage. Bangladesh reported an outstanding 376% surge in tonnage, while India experienced a notable 41% drop compared to December 2023. In contrast, Pakistan showed improved ship-breaking activity in January, marking a substantial increase from 200 LDT in…