Tag: ship recycling scrap
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South Asian ship recycling markets struggle; Indian container prices plummet below $500/t
The South Asian ship recycling market experienced another challenging week, with subdued activity across India, Pakistan, and Bangladesh. Prices in India’s Alang dropped unexpectedly below $500/tonne (t), triggering market shock, while Pakistan’s Gadani yard remained largely inactive, failing to capitalise on market opportunities. Bangladesh, similarly, faced stagnation with no new arrivals or sales as economic…