Tag: South Asia: India’s ship-breaking segment struggles as Bangladesh and Pakistan show mixed trends

India sees 42% m-o-m decline in tonnage secured Pakistan’s volume rises 71% m-o-m, drops 86% y-o-y South Asia’s ship-breaking markets witnessed a mixed performance in March 2025. Facing competition and tight supply, India saw a decline in tonnage, while Bangladesh experienced growth, taking the lead despite economic challenges and regulatory concerns. Meanwhile, Pakistan saw limited…