Tag: OFAC-linked vessels India
-
South Asia: Ship-breaking sentiment softens w-o-w; India struggles as clean tonnage dries up
India: Cautious market, OFAC vessels pressure prices Pakistan: Iranian scrap inflow dampens Gadani sentiment South Asia’s ship-breaking market was subdued this week, with weak sentiment across India, Pakistan, and Bangladesh amid low tonnage supply, price pressure, sanctions, and ongoing economic and political uncertainties. Weekly updates Alang: Sanction-linked vessels deepen post-festival slowdown India’s ship recycling market…