Tag: ship recycling 2025 outlook
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South Asia: Ship breaking markets stay sluggish; Bangladesh sees tonnage rise but demand weak
India’s recycling activity dips amid weak fundamentals. Gadani competitiveness falls without HKC-approved yards. Alang, Chattogram, and Gadani all saw weak sentiment despite steady LDT arrivals, with India and Pakistan pressured by low prices and soft demand, while Bangladesh recorded higher vessel inflow but remained constrained by economic and political challenges. India: Alang market stays weak…