EPISODE · Nov 7, 2025 · 6 MIN
Inside the Markets - Dubai Edition (November 2025) | Ship Recycling Trends, Currency Volatility, and Subcontinent Price Outlook
from GMS Podcasts · host Nayeem Noor
In this new episode from GMS Podcasts, host Jamie Dalzell is joined by Simos Dimitriou, Head of the GMS Dubai Office, to discuss how global economic pressures, shifting currencies, and fluctuating steel prices are shaping the ship recycling markets across the subcontinent. As oil prices slide and OPEC+ announces supply cutbacks, recyclers in India, Bangladesh, and Pakistan face a stultifying market with tight supply and hesitant owners. From currency challenges and HKC yard compliance to creative deal structures in Dubai, this conversation offers real-time intelligence on how the region is adapting as 2025 closes. Key Highlights: Current ship recycling prices and sentiment in India, Bangladesh, and Pakistan How currency volatility and Iranian steel imports are reshaping price competition India’s reliability through HKC-certified yards and compliance leadership The slow pace in Bangladesh and pre-election uncertainty Pakistan’s pricing correction and operational constraints Dubai’s evolving role as a hub for structured and leaseback recycling deals Forecast for early 2026 and expected tonnage flow Despite the slowdown, disciplined owners and compliant yards continue to anchor confidence in the region’s green ship recycling ecosystem.
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What this episode covers
In the November 2025 Dubai Edition of Inside the Markets from GMS Podcasts, host Jamie Dalzell speaks with Simos, Head of the GMS Dubai Office, about the shifting dynamics in the global ship recycling market. They explore how declining oil prices, currency fluctuations, and cheap imported steel are reshaping pricing and sentiment across India, Bangladesh, and Pakistan. Despite Pakistan’s high plate prices, operational challenges persist, while India maintains reliability through strong HKC compliance and Bangladesh remains cautious ahead of elections. From Dubai’s growing role in structured recycling deals to the broader outlook for early 2026, this episode offers concise, data-driven insight into the industry’s current phase of “controlled stagnation.”
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Inside the Markets - Dubai Edition (November 2025) | Ship Recycling Trends, Currency Volatility, and Subcontinent Price Outlook
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