Ship recycling markets in India, Turkey, and Bangladesh face a slow and challenging Week 10 with tonnage scarcity and limited deal-making.
Ship recycling markets in India, Turkey, and Bangladesh experience a slow and challenging period in Week 10, with a scarcity of tonnage and limited activity in deal-making. Bangladesh leads the market, followed by Pakistan, as smaller, lower-quality vessels gain attention. Indian Alang recyclers face loss-making deals, while Gadani levels in Bangladesh may decline due to local demand and L/C limits. Chinese steel imports continue despite anti-dumping measures.
March 11, 2024
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