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Listen "GMS Weekly Podcast | Week 33 Recap: Ship Recycling Slowdown, India Stability, Pakistan DASR Impact, Bangladesh Steel Crash"
Episode Synopsis
In this Week 33 edition of the GMS Weekly Podcast, we cover the latest developments in the global ship recycling markets, with detailed updates for India, Pakistan, Bangladesh, and Turkey. This week’s theme - Time Flies - highlights slowing supply, uncertain pricing, and shifting regional dynamics.
Global Overview:
Trump–Putin meeting in Alaska keeps oil markets on edge.
Oil slipped 2% to USD 62.80/barrel.
Baltic Dry Index rose 0.25%, now over 7% higher year-to-date.
Vessel supply remains thin; tonnage inflows likened to a “band-aid” for a long-term shortage.
Focus shifts to HKC compliance and facility upgrades amid ongoing regulatory challenges.
Bangladesh:
Market stuck in a summer slumper.
Five vessels totaling 52,000 LDT arrived, including a 21,000-ton bulker.
Steel plate prices collapsed USD 9/Ton to USD 540 as mills import cheaper feedstock.
Taka stabilized at 121.35 with central bank support.
Inflation rising again, elections not until February 2026. Market remains weak for smaller units.
India:
Sanction Caution as authorities arrested sanctioned vessels arriving at Alang.
Despite this, India remains the most stable and HKC-compliant destination, attracting blue-chip owners.
Over 81,000 LDT at anchorage this week, including another cape and a tanker.
Rupee firmed slightly to 87.53.
Inflation eased to 1.55%, and S&P upgraded India’s credit rating to ‘BBB’ - boosting confidence.
Pakistan:
DASR Dominates - provisional certificates keep Gadani active.
Four ships totaling 16,000 LDT arrived, including a woodchip carrier.
Steel plate prices surged to nearly USD 622/ton, the highest in the region.
Rupee eased to 283.55.
Pakistan now the best-priced market, especially for dry bulk units and mid-sized vessels.
Turkey:
Lira slipped again to 40.90 against the U.S. dollar.
Inflation fell sharply to 33.5% from 61.8% last year, but Aliaga’s yards remain quiet with no new arrivals.
The GMS Weekly remains the definitive source for ship demolition pricing, steel plate trends, HKC compliance updates, and port-by-port activity across the Indian subcontinent. Trusted by ship owners, cash buyers, recyclers, traders, and analysts worldwide.
Subscribe to the full GMS Weekly for complete demo pricing, delivery schedules, and tonnage intelligence: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS
GMS Mobile App & Social Links:
GMS Mobile App: https://onelink.to/gms-app
LinkedIn: https://www.linkedin.com/company/gms-leadership
X (Twitter): https://x.com/GMS_Leadership
Instagram: https://www.instagram.com/gms_leadership
Facebook: https://www.facebook.com/gmsleadership/
Global Overview:
Trump–Putin meeting in Alaska keeps oil markets on edge.
Oil slipped 2% to USD 62.80/barrel.
Baltic Dry Index rose 0.25%, now over 7% higher year-to-date.
Vessel supply remains thin; tonnage inflows likened to a “band-aid” for a long-term shortage.
Focus shifts to HKC compliance and facility upgrades amid ongoing regulatory challenges.
Bangladesh:
Market stuck in a summer slumper.
Five vessels totaling 52,000 LDT arrived, including a 21,000-ton bulker.
Steel plate prices collapsed USD 9/Ton to USD 540 as mills import cheaper feedstock.
Taka stabilized at 121.35 with central bank support.
Inflation rising again, elections not until February 2026. Market remains weak for smaller units.
India:
Sanction Caution as authorities arrested sanctioned vessels arriving at Alang.
Despite this, India remains the most stable and HKC-compliant destination, attracting blue-chip owners.
Over 81,000 LDT at anchorage this week, including another cape and a tanker.
Rupee firmed slightly to 87.53.
Inflation eased to 1.55%, and S&P upgraded India’s credit rating to ‘BBB’ - boosting confidence.
Pakistan:
DASR Dominates - provisional certificates keep Gadani active.
Four ships totaling 16,000 LDT arrived, including a woodchip carrier.
Steel plate prices surged to nearly USD 622/ton, the highest in the region.
Rupee eased to 283.55.
Pakistan now the best-priced market, especially for dry bulk units and mid-sized vessels.
Turkey:
Lira slipped again to 40.90 against the U.S. dollar.
Inflation fell sharply to 33.5% from 61.8% last year, but Aliaga’s yards remain quiet with no new arrivals.
The GMS Weekly remains the definitive source for ship demolition pricing, steel plate trends, HKC compliance updates, and port-by-port activity across the Indian subcontinent. Trusted by ship owners, cash buyers, recyclers, traders, and analysts worldwide.
Subscribe to the full GMS Weekly for complete demo pricing, delivery schedules, and tonnage intelligence: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS
GMS Mobile App & Social Links:
GMS Mobile App: https://onelink.to/gms-app
LinkedIn: https://www.linkedin.com/company/gms-leadership
X (Twitter): https://x.com/GMS_Leadership
Instagram: https://www.instagram.com/gms_leadership
Facebook: https://www.facebook.com/gmsleadership/
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