Tag: Low steel demand ship breaking

Global ship recycling tonnage falls over 20% y-o-y in Jan-Sept’24. Is market recovery in sight?

Oct 16, 2024

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by

Kanishka Chhabria

in Ship Breaking

Bangladesh remains top scrap ship demolition destination Total tonnage drops sharply in key South Asian markets Currency volatility, low steel demand major headwinds Morning Brief: The global ship-breaking market remained in deep waters in the first nine months (January-September) of 2024 (9MCY’24). Total tonnage sunk 22% to 1.38 million light displacement tonnage (LDT) compared to…