Ship demolition activities: unsure conditions
SRecycling Hip has maintained a bad performance for another week. In its latest weekly report, the best oasis (www.best-oasis.com), a leading cash buyer said that “the ship’s recycling market remains under pressure this week, with most locations reporting limited activities and softer prices. In India, no one is weakening, with prices that will not be issued. Large sales reported by downtrend continue for another week, with imports and prices for local memos”.
Source: Best Oasis
According to the best Oasis, “broader economic pressure and monetary tightening contribute to cautious sentiments. Towards the entry of the Hong Kong Convention in force in June 2025, the Bimco ship recycling alliance, together with industrial stakeholders, has conveyed the border between the Basel Convention.
Dalam catatan terpisah minggu ini, Intermodal Shipbroker menambahkan bahwa “pasar daur ulang kapal besar menyaksikan kegiatan yang tenang minggu lalu, dengan sentimen pasar berubah berhati-hati di tengah meningkatnya ketegangan geopolitik dan perdagangan, mengikuti pemberitahuan tindakan yang tidak sesuai dengan pembentukan baja di India, baja di India dan konflik pada 12% Pakistan setelah serangan mematikan di Kashmir di India, baja, baja di India dan Pakistan setelah serangan mematikan di Kashmir di India, steel, steel in India and steel from steel in Kashmir in India, steel in India, steel in India, steel in India.
Source: Intermodal
The ministry has stopped the issuance of NOC to import recycling to shipyards that have not completed an increase in accordance with HKC requirements. With only six of the active forty Yards who are currently certified HKC and ships waiting for approval from anchorage, market activity has been jammed. However, in the midst of operational risks for many meters and pressure from BSRB, there is optimism in the market that the ministry can provide an extension until June to increase related to HKC, which allows unyed Yard to continue the NOC recipient. Although there are some interests from recycling, the activity has stopped temporarily because of the situation above. The Pakistani ship recycling sector continues to struggle, face limited activities and applicable uncertainty. Although previously offering competitive prices, Gadani recycling has struggled to get the available tonnage. The decline in local steel prices, persistent pressure on Pakistani rupees, and slow progress in achieving HKC compliance increasingly reduces sentiment. With the rainy season getting closer and the need for a shipyard to comply with HKC, the prospect for the second half of 2025 remains pessimistic. Finally, in Türkiye, the ship recycling market remains under considerable pressure. This sector faces marginalization risks that grow in the global ship recycling landscape, with India and Bangladesh ready to dominate in 2025. Turkish Lira continues the downward trend, weakening 2% Wow versus the US dollar “, the ship’s knot concluded.
Nikos Roussanoglou, Hellenic Shipping News worldwide
