Tag: Pakistan ship recycling 2024

South Asia: Bangladesh, Pak ship recycling markets struggle; India remains stable w-o-w

Nov 26, 2024

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by

Adarsh Ramteke

in Ship Breaking

Alang sees robust sales despite weakening rupee Shrinking dollar reserves impact Pak, Bangladesh This week, South Asian ship recycling markets showed mixed trends. Alang’s market remained stable with strong demand for vessels compliant with the Hong Kong Convention (HKC), while Pakistan struggled due to low prices and economic instability. Bangladesh faced challenges from high inflation,…