Tag: scrap vessel prices 2024
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South Asia: Indian ship recycling market rebounds, Bangladesh receives highest tonnage
Gadani sees slow progress Bangladesh maintains lead South Asia’s ship-breaking markets saw mixed trends this week. India’s Alang gained in strength, driven by rising steel prices and pre-monsoon demand, despite concerns over OFAC-listed vessels. Pakistan’s Gadani saw limited activity as local prices lagged, while Bangladesh remained the top destination, with recyclers racing to meet yard…