Stable Ship Recycling Prices – Wirana

The prices for ship recycling in key regions of the industry have remained largely stable despite weaker conditions in the steel markets, cautious purchasing, and pressure on steel prices, according to a report by Wirana Shipping Corporation.

Rakesk Khetan (pictured), the CEO of Wirana Shipping, one of the largest buyers of ships and in green ship recycling, pointed to a market where ship recyclers are largely maintaining their prices, even though demand for steel remains uneven and buyers are selective.

In particular, in India, Bangladesh, and Turkey, recyclers are holding their price levels, while Pakistan is considered more vulnerable to potential declines.

The report shows a discrepancy between falling steel prices and stable recycling prices. In India and Bangladesh, the market has remained steady despite weaker demand, while in Pakistan, declining steel and scrap prices are increasing pressure.

Bangladesh could gain new momentum from planned infrastructure projects. In Turkey, the situation remains stable, even though demand is weak. Overall, the supply of ships is limited, and transactions remain manageable so far. The further development depends on whether stable prices translate into concrete transactions.

www.wirana.com