Ship Recycling Market Update | Pakistan Gains, India Under Pressure, Bangladesh Cautious, Turkey Steady – Week 5 2026

Ship Recycling Market Update | Pakistan Gains, India Under Pressure, Bangladesh Cautious, Turkey Steady – Week 5 2026

The global ship recycling market enters February under renewed pressure as currency volatility, rising oil prices, and shifting fundamentals reshape buyer behavior across key recycling destinations.

In this week’s market update, Ingrid and Henning discuss how Pakistan strengthens its position following another HKC-approved yard and firm steel fundamentals, while Bangladesh returns to the bidding tables but remains constrained by weak steel prices, currency pressure, and upcoming elections. India stays active at the anchorage despite record Rupee weakness and soft plate prices, keeping pricing selective, while Turkey sees steady demand supported by RoRo arrivals even as the Lira continues to depreciate.

The episode also covers movements in the Baltic Dry Index, oil prices crossing USD 65 per barrel, regional currency trends, steel plate pricing across the sub-continent, HKC compliance developments, and evolving tonnage supply expectations as Q1 2026 unfolds.

Designed for shipowners, cash buyers, recyclers, brokers, financiers, and maritime professionals monitoring global demolition markets, this weekly conversation highlights pricing direction, compliance momentum, and the key risks and opportunities shaping the ship recycling landscape.

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Ship Recycling Market Update Week 24 2026 | Brent Falls Below $90, Hormuz Deal Nears & Monsoon Rules

Ship Recycling Market Update Week 24 2026 | Brent Falls Below $90, Hormuz Deal Nears & Monsoon Rules

The war premium in global shipping and energy markets has finally cracked, but the ship recycling market is still waiting for the final signature. In Week 24 of 2026, Brent crude fell sharply toward U...

15 Juni 9min

Why Steel Prices Drive Ship Recycling Offers | Steel, Ships & Recycling Values Ep. 1

Why Steel Prices Drive Ship Recycling Offers | Steel, Ships & Recycling Values Ep. 1

Steel is one of the most important drivers of ship recycling values, but recycling offers are not based on steel prices alone. In the first episode of Steel, Ships, and Recycling Values, Nayeem Noor, ...

12 Juni 10min

Ship Recycling Market Update Week 23 2026 | Hormuz Traffic Returns, Brent Eases & Monsoon Window Closes

Ship Recycling Market Update Week 23 2026 | Hormuz Traffic Returns, Brent Eases & Monsoon Window Closes

Traffic is returning through the Strait of Hormuz, but for the global ship recycling market, the timing has come too late. In Week 23 of 2026, vessel movements through Hormuz improved materially, even...

8 Juni 6min

Ship Recycling Market Update Week 22 2026 | US-Iran Deal Struck, Hormuz Reopening, Brent Falls & Monsoon Window Closes

Ship Recycling Market Update Week 22 2026 | US-Iran Deal Struck, Hormuz Reopening, Brent Falls & Monsoon Window Closes

After seven weeks of uncertainty, the global ship recycling market finally received its strongest diplomatic breakthrough yet. In Week 22 of 2026, the United States and Iran reached a tentative agreem...

1 Juni 7min

Ship Recycling Market Update Week 21 2026 | Hormuz Passage Opens, Monsoon Window Closes

Ship Recycling Market Update Week 21 2026 | Hormuz Passage Opens, Monsoon Window Closes

Week 21 marks a major turning point in the global ship recycling market as the strongest reopening signal yet emerges from the Strait of Hormuz. Three supertankers transited the Strait for the first t...

25 Maj 9min

Ship Recycling Market Update Week 20 2026 | Brent Rebounds, Freight Stays Strong, Backlog Hardens

Ship Recycling Market Update Week 20 2026 | Brent Rebounds, Freight Stays Strong, Backlog Hardens

Week 20 marks a decisive shift in the global ship recycling market as diplomatic momentum around Hormuz stalls, Brent crude rebounds above USD 107, and freight markets continue strengthening across th...

18 Maj 7min

HKC and the Worker’s Voice, Episode 2: EUSRR, Fair Recognition and Worker-Centred Ship Recycling in Alang

HKC and the Worker’s Voice, Episode 2: EUSRR, Fair Recognition and Worker-Centred Ship Recycling in Alang

In this episode of GMS Podcasts, Dr. Anand Hiremath, CEO of the Sustainable Ship and Offshore Recycling Program, continues his conversation with Mr. Vidhyadhar Rane, General Secretary of the Alang Sos...

15 Maj 10min

Ship Recycling Market Update Week 19 2026 | Brent Falls, Freight Surges, Backlog Holds

Ship Recycling Market Update Week 19 2026 | Brent Falls, Freight Surges, Backlog Holds

Week 19 marks a major shift in the global ship recycling market as Brent crude falls sharply, diplomacy re-enters the Hormuz conversation, and freight markets move strongly in the opposite direction. ...

11 Maj 8min

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