image credit: Pexels

Ship Recycling: Lack of Available Tonnage the Norm

March 14, 2024


Alack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (, said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey showcased varied dynamics. India’s market initially displayed stability but soon faced a downturn, indicating a decreasing trend in performance. Bangladesh’s market continued its phase of cautious buying, with buyers preferring to negotiate for vessels at lower prices, leading to a lull in aggressive buying activities. Pakistan observed a period of calm, marked by a stagnant market with no significant shifts or events.

Read More on Hellenic Shipping News