Tag: Ship-breaking in South Asia: Rupee pressure hits India as Gadani strengthens HKC standing

Indian rupee volatility and weak steel prices pressured buyer sentiment, despite strong arrivals at Alang. Gadani strengthened its position with Pakistan’s second HKC-approved yard. South Asian ship recycling markets remained mixed as of 3 February, with India under currency pressure, Bangladesh showing cautious recovery, and Pakistan gaining ground through improved regulatory compliance, amid ongoing volatility…