Global ship recycling gains momentum with wave of ferry, reefer and tanker sales
- Ship recycling sales have risen in recent weeks after a weak first half of the year
- Recent transactions included several vintage VLCCs alongside conventional refrigerated cargoships, sold at premium prices because of their aluminium content
India continues to strengthen its competitive position through improved regulatory compliance, while demand has picked up in Bangladesh and Pakistan. By contrast, Türkiye’s Aliaga market remains subdued
