Tag: shipbreaking updates
-
South Asian ship-recycling markets witness slowdown due to currency deterioration, weak steel prices
Pakistan’s HKC approvals ongoing, next batch in Q1 Chattogram market cools after Nov surge in tonnage Ship-recycling markets in India, Bangladesh, and Pakistan remained subdued this week amid limited vessel supply, and falling steel plate prices. HKC upgrades continue, but low arrivals and cautious buying suggest slow activity through the holiday season. Zero arrivals in…