Tag: South Asia: Ship-breaking tonnage increases 11% m-o-m in May’24

The South Asian ship-breaking sector saw an increase in tonnage received in May 2024. India, Pakistan, and Bangladesh collectively processed 200,254 LDT, marking an 11% rise from the 180,360 LDT recorded in April. On an annual basis, the tonnage surged by 60% compared to 125,506 LDT in May of the previous year. Bangladesh reported the…