The global ship recycling market saw a slowdown in sale and purchase activity this week as the Chinese New Year holidays impacted operations, according to cash buyer GMS.
Key Trends and Challenges- Increased Recycling Activity in Early 2025: A surge in recycling tonnage at the start of the year created optimism, but momentum has since slowed.
- India & Bangladesh Leading the Market: Since October 2024, Indian and Bangladeshi yards have absorbed most of the supply, while Pakistan’s recyclers were...
https://mfame.guru/ship-recycling-market-faces-uncertainty-amid-chinese-new-year-and-tariff-wars/