Tag: South Asia: Ship breaking tonnage drops 16% m-o-m in February

In February, the South Asian ship recycling market experienced a downturn, marked by a 16% m-o-m decrease in total tonnage. The total tonnage stood at 140,130 LDT, down from 166,386 LDT in the preceding month. Notably, Bangladesh saw a remarkable surge of 90%, whereas Indian and Pakistani buyers reported significant declines of 70% and 64%…