In this week’s GMS Weekly Podcast, Grace and Ryan discuss the latest movements across the global ship recycling market as January draws to a close and February approaches with renewed uncertainty.

The conversation explores how Pakistan strengthened its regional position following the addition of another HKC-approved yard and firm steel fundamentals, while Bangladesh cautiously returned to the bidding tables despite weak steel prices, currency pressure, and approaching elections. India remained physically active at the anchorage, even as record Rupee depreciation and soft plate prices kept buyer sentiment selective. Turkey, meanwhile, maintained steady demand supported by recent RoRo arrivals, though longer-term upside remains capped by continued Lira weakness.

This episode also examines broader market drivers including a sharp rise in the Baltic Dry Index, oil prices moving above USD 65 per barrel, regional currency volatility, and steel plate pricing trends across the sub-continent. The discussion highlights how limited vessel supply, evolving compliance requirements, and shifting buyer confidence are shaping recycling pricing and tonnage flow as Q1 2026 unfolds.

Designed for shipowners, cash buyers, recyclers, brokers, financiers, and maritime professionals, this weekly market conversation provides practical insight into current demolition market conditions and the key factors to monitor in the weeks ahead.
 

Links & Resources:

Subscribe to GMS Weekly: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS
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