Tag: Ship recycling industry 2024
-
South Asia: Bangladesh, Pak ship recycling markets struggle; India remains stable w-o-w
Alang sees robust sales despite weakening rupee Shrinking dollar reserves impact Pak, Bangladesh This week, South Asian ship recycling markets showed mixed trends. Alang’s market remained stable with strong demand for vessels compliant with the Hong Kong Convention (HKC), while Pakistan struggled due to low prices and economic instability. Bangladesh faced challenges from high inflation,…