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.
30 May 2018
Greek shipowner Benelux Overseas has sold LPG carrier pair for demolition following the rising demand for scrap steel in India.
23 May 2018
Activity in the tanker recycling market has slowed further amid full yard capacity in Pakistan and Bangladesh. This negative sentiment is intensified with the onset of Ramadan.
16 May 2018
The demolition of VLCCs ramps up following the reopening of Pakistan’s recycling market for tankers.
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