Tag: South Asian ship-recycling markets weaken amid falling steel prices

Alang continued facing severe tonnage shortages Limited HKC capacity constrained 2026 recovery Ship recycling activity in the Indian sub-continent stayed weak in the first half of December, with low steel prices, soft currencies, and limited capacity adhereing to Hong Kong Convention (HKC) standards hurting sentiment. Activity was the highest in Bangladesh, while Alang and Gadani…