South Asia: Ship breaking tonnage down by 15% m-o-m in Jun

In June 2024, the South Asian ship-breaking sector experienced a decrease in tonnage received. India, Pakistan, and Bangladesh collectively processed 174,390 LDT, marking a 15% decrease from 206,032 LDT recorded in May. Annually, the tonnage declined by 7% compared to 188,035 LDT in June of the previous year.

Bangladesh reported the highest tonnage at 114,594 LDT, a 15% increase from 99,504 LDT in May. India followed with 59,796 LDT, showing a significant 29% drop from 84,181 LDT in May. Pakistan reported no tonnage in June, following 22,347 LDT in the previous month. In total, twenty four ships were