A high number of ships have been sold in recent months, weakening fundamentals impact on market.
30 Oct 2018
Tanker mishaps make bulk carriers an alternative for ship recyclers in Gadani.
16 Oct 2018
Further depreciation in the Pakistani and Indian currencies as well as Gadani tanker fire pose challenges in the shipbreaking market.
05 Sep 2018
The increase in steel prices has prompted a wave of vessel scrapping that had retreated during the Eid holidays.
29 Aug 2018
Rising steel prices have been a boon for India’s ship-recycling industry.
15 Aug 2018
Tanker recycling sales have started to resume in Bangladesh while demolition sales to Turkey have halted amid the currency crisis there.
18 Jul 2018
Scrap sales have slowed following a drop in steel prices in India and depreciation of the Indian currency.
11 Jul 2018
Shipping Corporation of India has sold its LPG carrier pair for demolition amid the depressed market following the slump in local steel prices.
27 Jun 2018
Tanker scrap sales cool amid the fluctuating market conditions and weak currency in Pakistan.
20 Jun 2018
The Polemis family has sold its fifth VLCC for scrap in Bangladesh so far this year.
13 Jun 2018
Scrap prices for elderly tankers are firm in Bangladesh amid currency depreciation in Pakistan.
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