Tag: South Asia: Ship recycling market remains lull w-o-w Ramadan Holi holidays keep buyers away

The South Asian ship recycling market remained dull this week across markets. In India, the Alang market witnessed a subdued week, marked by a notable absence of buyers attributed to ample tonnage availability, upcoming elections, and recent holidays. Conversely, Pakistan’s market remained quiet amid Ramadan, with fluctuating bids contributing to market uncertainty. Meanwhile, Bangladesh encountered…