Ship Recycling Market Update – Bangladesh Leads, India Volatile, Pakistan Waiting, Turkey Sees Movement | Week 3 2026

The global ship recycling market remains cautious as currency pressure, steel price volatility, and limited vessel supply continue to shape buyer behavior across key destinations. In this episode, Ingrid and Henning break down the latest developments across the Indian sub-continent and Turkey, as recyclers navigate weakening local currencies, uneven steel plate prices, and selective demand for tonnage. The discussion explores why recycling prices continue to hover around the critical USD 400 per LDT level, how Bangladesh has regained its position as the most competitive destination for large LDT vessels, why India’s early-year rebound quickly reversed, and why Pakistan remains eager for tonnage but constrained by limited deliveries and yard availability. The episode also looks at renewed activity in Turkey following recent RoRo arrivals, the impact of a strong U.S. Dollar on recycling sentiment, and what shipowners should be watching as global uncertainty continues into early 2026. This market update is designed for shipowners, brokers, recyclers, financiers, and maritime professionals tracking global demolition pricing, tonnage flows, and regional recycling trends.