Tag: South Asia: Ship recyclers adopt wait-and-see approach amid lack of sales economic headwinds

This week, the ship recycling markets in India, Pakistan, and Bangladesh faced significant challenges and market participants adopted a wait-and-see approach. In India, post-election uncertainty and pre-Budget concerns led to cautious bidding in Alang, with falling steel plate prices and a weak rupee contributed to the lack of sales. Pakistan has been hit with new…