Tag: South Asian ship recycling market faces challenges amid economic political instability
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South Asian ship recycling market faces challenges amid economic, political instability
The South Asian ship recycling market experienced a turbulent week, with varying fortunes across India, Pakistan, and Bangladesh. India’s market remained stagnant despite significant infrastructure project announcements, hampered by declining steel plate prices and a record-low Indian rupee. Pakistan maintained its top position with strong vessel prices but faced a severe tonnage shortage and economic…