Global ship recycling market remains in the doldrums as sales candidates dwindle
- The global ship recycling market is subdued as weak steel demand and a shortage of demolition candidates continue to dampen activity
- Only a handful of ships have been sold for scrap in November, chiefly from the bulker and tanker sectors
Pakistan is preparing to certify its first Hong Kong Convention–compliant yard while Bangladesh is set to have 20 compliant ship recycling facilities soon
