The ship recycling industry faces unprecedented challenges, with empty yards, supply bottlenecks, and suppressed demand. The director of a prominent ship recycling facility in Alang, India, Sanjiv Agarwal, expresses concern over the current state, emphasizing a unique combination of suppressed demand and supply issues.
Navigating Challenges in Ship Recycling“57 ships have been demolished this year versus 400 newbuild deliveries,” notes Mr Agarwal. “But 57 is still exponentially higher than in...
https://mfame.guru/constricted-demand-hampers-ship-recycling/