GMS Weekly – Week 30 Recap: LNG Momentum in India, Steady Moves in Pakistan, and Challenges in Bangladesh

In this Week 30 edition of the GMS Weekly Podcast, we cover the latest updates in global ship recycling. India takes the lead with a series of large LNG vessel deals, strong yard occupancy, and improving fundamentals. Pakistan continues to secure tonnage, while Bangladesh faces slow approvals and reduced yard activity.

We explore regional shifts, currency fluctuations, delivery timelines, and the broader impact of the Hong Kong Convention on subcontinent recyclers.

We cover:

• India’s Momentum: Two Moss-type LNGs sold for over USD 640 per LDT. Alang receives over 107,000 LDT in one week, driven by non-ferrous-rich tonnage.

• Pakistan Holds Position: Gadani sees en bloc dry bulk acquisitions with bunkers onboard. Local steel prices remain high, and the Rupee shows modest recovery.

• Bangladesh Slows Down: No new arrivals reported. Delays in cutting permissions and weak domestic demand continue to affect sentiment.

• Turkey Remains Quiet: The Lira weakens further. No vessel arrivals, despite falling interest rates and slight economic easing.

Also in this episode:

• Freight market outlook as the Baltic Dry Index shows further gains

• How currency movements are shaping buyer behavior

• What to expect in August as HKC compliance increases across yards

 

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