Tag: Ship breaking
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South Asia: India gains with sanctioned vessels even as Pakistan, Bangladesh continue to face challenges
Vessel supply showing signs of improvement in Alang Pakistan yards mostly lack HKC compliance, risk losing tonnage South Asia’s ship-breaking markets faced mixed trends, with India led by Alang dominating due to strong demand and sanctioned vessel recycling. Meanwhile, Pakistan risks losing tonnage amid slow HKC compliance, and Bangladesh faces delays and political uncertainty slowing…