Tag: ship recycling 2024
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South Asia: Ship recycling markets see mixed trends as India thrives, but Pak, Bangladesh struggle
Strong demand for HKC-compliant vessels boosts Alang USD shortages, low steel demand weigh on Chattogram This week, the South Asian ship recycling markets showed mixed trends. Alang’s market witnessed a surge in deals, driven by demand for vessels compliant with the Hong Kong Convention (HKC), while Pakistan continued to face challenges due to economic instability…