Global Ship Recycling Update – Week 14, 2025

Capt. John

The global ship recycling market experienced a mix of developments during Week 14 of 2025. While India saw a rise in steel plate prices, other regions such as Bangladesh and Pakistan faced stagnant market conditions, and China experienced a price decline. Activity in the subcontinent has fluctuated in recent weeks, but a slowdown was evident this week due to various economic and cultural factors. Here’s a closer look at the market trends and key takeaways from the latest GMS report.

Subcontinent...

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