The ship recycling market remains a mixed bag

THe sent the recycling market to remain a mixed bag during the previous week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading Kasing buyer, said that “In India, the market remains negative throughout the week, without signs of sentiment recovery. Buyers are no longer interested in buying ships that will be carried out by buyers. Being mandatory.

Source: Best Oasis

In Pakistan, Best Oasis added that “good progress is being made toward compliance with the Hong Kong Convention (HKC), with many yards investing to upgrade facilities. It is estimated that 12-14 yards will be soon be ready with HKC Certification, Making this a Market to Closely Watch. Devastating floods, the market is gradually stabilizing, providing a more balanced outlook for the weeks.

Meanwhile, in a separate report this week, the Shipbroker Intermodal said that “the recycling activity of the ship remains subdued last week, with the preference of buyers shifting to a larger unit. The Demolizing Sector of Indian Ship experienced a difficult week in the midst Dasr for ship imports, although increased compliance is ongoing.

Source: Intermodal

This regulatory environment has caused recycling to pursue larger ships with higher steel content than smaller units. At first glance, around 12-14 facilities approach HKC certification. A more profitable view is anticipated for the coming period after the rainy season ends. In Bangladesh, the scarcity of candidates has strengthened market conditions because buyers compete for limited units. However, like Pakistan, interest in smaller tonnage remains minimal due to reduced profit margins in the middle of HKC requirements. As a result, recycling focuses on larger ships, looking for higher returns. The domestic steel market continues to face the challenges of insufficient public infrastructure investment and persistent economic sacred winds, even though inflationary pressure is slightly moderated. Another week that was muted for Türkiye, with market participants adopted waiting and seeing attitudes. Despite the entry of candidates, the buyer looks reluctant. The steel market remains flat, because economic uncertainty burdens the buildup of decisions “, Intermodal concluded.
Nikos Roussanoglou, Hellenic Shipping News worldwide