In this Week 31 episode of the GMS Weekly Podcast, we analyze the evolving global ship recycling landscape, shaped by new tariffs, market volatility, and shifting regional performance.

India continues to see steady momentum, driven by tanker and LNG arrivals and strong non-ferrous demand. Despite currency challenges, Alang recyclers remain active and well-positioned.

Pakistan leads the pricing charts, with new dry cargo deliveries and supportive domestic fundamentals. A stronger Rupee and ongoing DASR certification progress bolster local yard confidence.

Bangladesh sees limited movement as cutting delays and weak domestic demand continue. Steel inventory backlogs and slow regulatory approvals remain key hurdles.

Turkey remains inactive, with no new arrivals and the Turkish Lira weakening further.
 

Key market insights this week:

• India: Tankers and LNGs remain in demand. Alang’s infrastructure continues to support green recycling volumes despite price and currency fluctuations.
• Pakistan: Dry cargo tonnage secured. Local steel stays firm at USD 615, and the Rupee sees continued recovery.
• Bangladesh: Yard activity stays low. Delays in cutting permissions and soft steel sales persist.
• Turkey: Lira weakens to 40.62. No port movements were reported this week.

We also discuss global freight indices, steel trends, currency impact, and what shipowners should watch through August as HKC implementation progresses.
 

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