Tag: ship recycling budget impact
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South Asia: Economic slowdown, regulatory pressures weigh on ship-breaking sector in Bangladesh, Pakistan
India’s ship recycling market remains subdued post Budget Chattogram witnesses brief lull amid the Chinese New Year holidays South Asia’s ship recycling markets witnessed subdued conditions in week 6 of CY’25. The Indian market faced a slowdown due to fewer tonnage arrivals and a weak budget impact. Pakistan’s sector struggled with limited progress, and Bangladesh…