GMS March 29, 2021 © katiekk2 / Adobe Stock Several large LDT sales have taken place this week, as owners dip in to take advantage of the red hot sub-continent markets of the moment. Almost all of the locations saw some activity this week (market and private), with India even getting in on the act (despite […]
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Two large ships made in Bangladesh have been exported to neighbouring country India for Tk 50 core each. Bangladesh Commerce Minister Tipu Munshi and Indian High Commissioner to Bangladesh Riva Ganguly Das were present during the handing over ceremony. The ships were handed over to Indian company Jindal Steel Works on Friday (Jan 10), on […]
Read MoreMartina Li, east Asia | November 2018 Intan, previously named Kaimon Maru, was sold on to Bangladesh. Credit: FotoFlite Cash buyers are finding themselves saddled with more than 30 unsold vessels as a shortage of US dollars in Bangladesh, weak steel prices in India, safety concerns, and weak currency in Pakistan have deterred recycling yards from buying […]
Read MoreBangladeshi parliament has passed a ship recycling bill as the country aims to improve working conditions in its shipbreaking yards. Under the Bangladesh Ship Recycling Bill 2018, a part of the country’s efforts to boost its ship recycling industry, the owners are obliged to issue life insurance for all employees and be fully aligned with the […]
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