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The South Asian ship-breaking sector experienced an almost two-fold surge in August 2024, with India, Pakistan, and Bangladesh collectively dismantling 151,594 light displacement tonnes (LDT) – a staggering 91% jump from July’s 79,486 LDT. Despite this sharp m-o-m growth, the annualised tonnage saw a significant 88% drop compared to the 245,569 LDT processed in the…