Tag: South Asia: Ship Recycling Activity Slows Amid Eid Holidays

Monsoon season restricts vessel beaching operations Stable currencies support recycling market confidence South Asian ship recycling market remained subdued in Week 22 amid Eid holidays, limited vessel availability, and the approaching monsoon season. While stable currencies and firm steel plate prices supported sentiment, recycling activity remained slow. Demand for recyclable vessels stayed healthy, but seasonal…