Tag: recycled steel

South Asia: Ship recycling markets improve as vessel supply resumes gradually following Strait of Hormuz reopening

Jun 30, 2026

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by

Ramavath Mounika

in Ship Breaking

Monsoon restricts beaching activity but outlook remains positive Pakistan loses wartime freight advantage as Hormuz reopens The South Asian ship recycling market entered Week 26 (22-26 June 2026) with improving fundamentals following the reopening of the Strait of Hormuz and easing geopolitical tensions in the Middle East. Lower crude oil prices, stabilising regional currencies, and…