Tag: ship recycling May 2025
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South Asia: Ship-breaking market stays weak in May’25; Bangladesh leads, while India slows down
India sees lower arrivals amid steel price volatility Pakistan, B’desh continue to face HKC upgrade delays South Asia’s ship-breaking markets remained under pressure in May due to geopolitical tensions, weak currencies, and disruptions related to complying with the Hong Kong Convention (HKC). India witnessed sluggish activity at Alang, while Pakistan faced letter of credit (LC)…