Tag: South Asia: Ship recycling market in India under pressure
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South Asia: Ship recycling market in India under pressure, while Gadani and Chattogram face uphill HKC task
Pak ship recycling market shows signs of recovery Tonnage may shift to India as neighbours lag on HKC South Asia’s ship-breaking markets faced diverging trends this week, with Pakistan showing brief activity but lagging on HKC compliance, Bangladesh nearing capacity at approved yards, and India under pressure from falling steel prices and currency weakness, dampening…