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Outlook of South Asian Shipbreaking Industry
In the global shipbreaking market, South Asia has been referred to as the “World’s Ship Scrapping Yard”, with India, Bangladesh and Pakistan collectively dismantling and processing 73% of the total scrapped vessels dismantled globally in FY 2020 (Apr’19-Mar’20). As the recent turn of events amid ongoing pandemic pulled down scrapped vessel prices to record 5-year low, let us listen from the major ship recyclers from these 3 markets and ship management firm come together to discuss the impact of the pandemic on the industry, demand-supply scenario, labour issues, new policies, shift to green recycling, price scenario and outlook for H2 2020

Jun 25, 2020 12:30 PM in India

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