Tag: South Asia: India’s ship recycling market muted amid competitive offers from Pakistan
-

South Asia: India’s ship recycling market muted amid competitive offers from Pakistan, Bangladesh
The South Asian ship recycling market faced ongoing challenges amidst uncertainties across its key players. In India, with the general elections looming, industry stakeholders tread cautiously, holding back on offers in anticipation of potential policy shifts. Alang recyclers experienced a slowdown due to political and economic uncertainties, while fierce competition from neighbouring markets like Pakistan…