Tag: South Asia shipbreaking trends

South Asia: Ship-breaking market slows down in Apr’25; India leads, Pak, B’desh face challenges

May 7, 2025

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by

Aditi Sen

in Ship Breaking

India witnesses soft start to Q2 but demand rebounds HKC compliance, weak arrivals pressure Pak, B’desh South Asia’s ship-breaking market saw a slowdown in April 2025. India dominated the regional market in terms of the tonnage processed, despite mixed sentiment. Bangladesh was slowed by delays with no objection certificates (NoCs), and Pakistan faced weak fundamentals…