Pakistan looks to recycle more tonnage
“Pakistan looks set to recycle more tonnage this year than Bangladesh, as a freeze in ship demolition for most of this year has allowed Gadani breakers to compete more aggressively for vessels.
In the year to date, Gadani breakers have bought at least 3.9m dwt of tonnage for demolition, according to data from Clarkson Research Services. This is just shy of the 4.3m dwt Chittagong yards have dismantled,and if uncertainty continues in Bangladesh this figure could stay flat further into this month.”
Source: Clarkson Research Services