Tag: the weakening Rupee and fluctuating steel prices create uncertainty. The sharp drop in ship recycling prices from USD 600/LDT to USD 150/LDT in 2024 has led to cautious sentiment

Strong demand for HKC-compliant vessels boosts Alang USD shortages, low steel demand weigh on Chattogram This week, the South Asian ship recycling markets showed mixed trends. Alang’s market witnessed a surge in deals, driven by demand for vessels compliant with the Hong Kong Convention (HKC), while Pakistan continued to face challenges due to economic instability…