Ship Recycling Market: Steady as She Goes

The company’s report added that “the Bangladeshi ship recycling market continues to remain soft, although buying interest remains strong, with buyers actively seeking suitable vessels for recycling. The availability of recycling tonnage remains extremely limited, with very few vessels currently being offered for sale. Despite subdued market conditions, buyers remain keen to secure available tonnage, with the continued shortage of vessels restricting overall transaction activity. Overall, market sentiment remains cautious, while strong buying interest and limited vessel availability continue to characterise the market. The Pakistani ship recycling market has witnessed mixed movements compared to last week, although buyers continue to maintain strong purchasing capacity and keen interest in acquiring vessels. The reported closure of the Iran–Pakistan border has brought steel and rebar imports from Iran to a complete halt, following a significant reduction in supplies over recent weeks. This disruption in steel imports has provided a positive boost to the local ship recycling industry, as reduced availability of imported steel supports demand for locally recycled steel. Overall, buying interest remains strong, with restricted steel imports providing additional support to the local recycling market despite some fluctuations in market conditions. Finally, the Turkish ship recycling market remains stable, with limited trading activity and no significant changes reported during the week. The Turkish lira continues to remain weak, although currency fluctuations have not resulted in any further impact on recycling prices for the time being. Vessel availability remains influenced by EU regulations and the supply of suitable recycling candidates trading within or positioned near the region. Overall, Turkish recycling yards remain relatively…

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