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Global ship recycling tonnage drops 25% y-o-y in Q1CY23

Source: Steelmint Apr 14, 2023 10:00
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Shipbreaking Scrap Global
India strives to complete with Bangladesh. Bangladesh's demand seesaws, Pakistan remains mute. Demand may revive post-Eid.
Morning Brief: The total global ship-breaking market continued to swim against the tide in the first quarter (Q1) of calendar 2023 (CY23) showing a 25% or almost 0.20 million light displacement tonnage (LDT) drop, reveals data maintained with SteelMint. The total tonnage was recorded at 0.60 million LDT in January-March

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