In this episode of the Inside the Markets series from GMS Podcasts, we look at India, the center of South Asia’s ship recycling industry and home to the largest cluster of Hong Kong Convention compliant yards. Despite pressure from sanctions, tariffs, and steel market shifts, India continues to attract complex vessels including LNG carriers and tankers while offering international owners reliable and transparent recycling solutions.

Jamie Dalzell, Head of the GMS Singapore Office, speaks with Kiran Thorat, Head of the GMS India Office, about how Alang’s recyclers are managing compliance, market risks, and price spreads while keeping India at the front of global ship recycling.

Key discussion points include:

• Current pricing across India, Pakistan, and Bangladesh and why owners continue to choose India

• LNG and tanker recycling in Alang and how Indian yards handle complex vessels safely

• Impact of U.S. tariffs, Russian oil sanctions, and Chinese steel exports on India’s market

• How India’s more than 100 Hong Kong Convention certified yards give it an advantage

• Market updates from Bangladesh and Pakistan and what they mean for regional competition

• Flash Forecast: expected ship types, preferred destinations, and key risks for Q4

From LNG carriers to overaged tankers, this episode provides direct insight into why India remains the most stable and trusted choice for compliant ship recycling.