RECYCLING

As inflation picks up worldwide and the U.S. economy shrinks in Q1, the global shipping and ship recycling industries are navigating rough waters. A mix of geopolitical tensions, energy price drops, and stalled regulatory approvals are slowing down activity across key recycling markets in South Asia, according to leading cash buyer GMS.

The U.S. economy’s contraction and weakening dollar are shaking up international trade dynamics. As...

https://mfame.guru/global-economic-jitters-impact-ship-recycling-as-recession-fears-grow/

• Ship Recycling at Alang Drops to 15-Year Low.
• Only 113 Ships were Scrapped at Alang in FY25, Marking a Steep Decline.
• High Freight Rates and Weak Steel Prices Slow Down Alang’s Shipbreaking.

The Alang-Sosiya ship-breaking yard in Gujarat’s Bhavnagar district has posted its lowest ship recycling in over a decade in the financial year 2024–25. Just 113 ships were beached for scrapping a sharp decline from the yard’s previous peak of some 400 to 415 ships annually. This is a sharp dip in activity...

https://mfame.guru/alang-records-lowest-ship-recycling-numbers-in-over-a-decade/

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.

https://mfame.guru/global-ship-recycling-update-week-14-2025/

• Indian ship recyclers have purchased the 2000-built VLCC ‘Amor’ from a shadow fleet, marking the first such transaction since 2022.
• The ship recycling industry shows signs of revival, despite ongoing environmental and worker safety concerns.
• Stricter enforcement of regulations and adoption of sustainable practices are crucial for the future viability of the ship recycling sector.

In a noteworthy development for the maritime sector, Indian shipbreaking yards have acquired the VLCC ‘Amor’ from a...

https://mfame.guru/indian-recyclers-acquire-vlcc-amor-in-shipbreaking-milestone/

According to GMS’ latest weekly ship-recycling report, the signs of the times become increasingly clear and the future -both for the ship recycling community and the world at large- seems ominous, reports Safety4sea.

 The effects of Donald Trump’s shock victory continue to have far-reaching consequences, the U.S. economy strengthens under President Biden with the news that the country is opening up offshore drilling to further reduce American dependence on foreign oil. This, along with...

https://mfame.guru/gms-the-signs-of-the-times-are-clear-and-ominous/