Ship Recycling Market Update - Bangladesh Slips, Pakistan Rises, India Selective, Turkey Busy | Week 4 2026

The global ship recycling market continues to shift as volatility, currency pressure, and limited vessel supply reshape buyer behavior across key destinations. In this episode, Ingrid and Henning discuss the latest developments across the Indian sub-continent and Turkey, as market rankings reshuffle and sentiment moves rapidly week to week. Bangladesh falls to the bottom of the regional pricing table amid weak bidding activity and upcoming elections, while Pakistan moves to the top following improved demand, reduced Iranian steel imports, and the addition of another HKC-compliant yard with Salams International receiving its Statement of Compliance from ClassNK. India remains active for specialist tonnage such as LNG carriers and non-ferrous-rich vessels, though continued Indian Rupee weakness and steel price sensitivity keep recyclers cautious. Turkey experiences renewed activity with increased RoRo arrivals, even as ongoing Lira depreciation limits longer-term upside. This weekly market conversation covers recycling pricing levels, currency movements, steel fundamentals, tonnage flows, and what shipowners, brokers, and maritime stakeholders should be watching as 2026 unfolds. Designed for shipowners, cash buyers, recyclers, brokers, financiers, and maritime professionals monitoring global demolition markets and vessel recycling trends.