Ship recycling prices edge higher on the Indian subcontinent as steel demand improves
Cash buyers reported firmer offers for tanker and bulker tonnage, though candidate supply remains limited.
Recycling prices on the Indian subcontinent moved higher over the past fortnight, according to cash buyer reports, supported by improved domestic steel demand and a steadier currency backdrop.
Offers for tanker units remained at a premium to dry bulk tonnage, cash buyers said, reflecting higher light displacement tonnage values and demand for non-ferrous content.
Candidate supply has remained thin, with strong earnings across most segments encouraging owners to continue trading older vessels rather than sell for demolition.
Yards compliant with the Hong Kong Convention have continued to attract a larger share of tonnage from owners with sustainability commitments.
Price indications referenced in this article are drawn from cash buyer reports and are not exchange-published benchmarks.
Related coverage
