In this episode of Inside the Markets from GMS Podcasts, host Vagelis Chatzigiannis is joined by Jamie Dalzell, Head of the GMS Singapore Office, to examine the latest developments in ship recycling across South Asia. The conversation provides insight into how India, Pakistan, and Bangladesh are responding to shifting prices, currency volatility, and the increasing importance of compliance under the Hong Kong Convention.
Key topics include:

• India’s continued strength as the busiest recycling hub, supported by more than 100 HKC-certified yards and compliance-driven demand

• Pakistan’s strong plate prices and currency stability, positioning it as the regional price leader despite limited vessel arrivals

• Bangladesh’s ongoing slowdown, flat plate pricing, and election-year uncertainty keeping activity low

• The role of freight markets, including the Baltic Dry Index, in delaying recycling supply as bulkers and containerships remain profitable

• Owner perspectives on compliance, IHM documentation, sanctions risk, and flexible deal structures in today’s market

• Outlook for Q4, including tankers and LNG carriers as key recycling candidates