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Friday, September 4, 2026

Maritime News - 2026 Sep 4

04 Sep 2026

Indian Recycling Yards Pushed Towards Highly Speculative Bids

Rakesh Khetan courtesy of Wirana

Indian ship recyclers are increasingly prepared to bid at levels that could result in substantial losses based on current prices as competition for a limited number of end-of-life vessels intensifies, according to Wirana Shipping, one of the world’s oldest and largest cash buyers of vessels for recycling.Indian ship recycling offers have climbed by as much as USD 30/LT LDT in three weeks as competition for limited vessel supply intensifies…

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