Ship recycling sales hit eight-month low in January as India leads buying
- Global vessel recycling activity hit its lowest level since May 2025 in January, with just 24 ships of a combined 482,399 gt sold for demolition
- Indian yards led activity, buying 11 vessels, followed by Bangladesh and Türkiye, while Pakistan recorded only one purchase but is now gaining attention due to more competitive pricing
- Dry cargoships dominated recycling sales, followed by tankers, while January recorded the first containerships to be sold for scrap since October
Although recycling activity remains limited, volumes are expected to rise significantly later this year as liner sectors, in the boxship and vehicle carrier segments, face heavy newbuilding deliveries, while any return to the Suez Canal will provide further overcapacity to both markets
