Ship Recycling Market Update Week 1 2026 | India Rebounds Bangladesh Weakens Pakistan Steady Turkey Quiet HKC and Prices

Week 1 of 2026 starts with heavy geopolitical noise and mixed macro signals, and ship recycling markets respond with a clear reshuffle across the main destinations. In this episode, Ingrid and Henning cover what is moving sentiment, how currencies and steel are shaping bids, and where recycling candidates are most likely to end up in the near term. This week in the markets: India (Alang) strengthened sharply and moved back to the top of the pricing range, even with the rupee softer near 90.28 to the dollar. Bangladesh (Chattogram) slipped further, with levels down around 50 dollars per LDT from late Q4 highs and the taka near 122.30 to the dollar as uncertainty builds ahead of elections. Pakistan (Gadani) stayed close behind but most offers remained below 400 dollars per LDT, with the rupee near 280.62 to the dollar and limited HKC ready capacity still a key constraint. Turkey (Aliaga) stayed quiet with no reported sales and the lira near 43.03 to the dollar. Port position: Chattogram reported arrivals totaling about 39,560 LDT this week, while Alang and Gadani reported no new vessels. Indicative recycling levels for Week 1 2026 (USD per LDT): India Bulker 410 Tanker 430 Container 440 Pakistan Bulker 390 Tanker 410 Container 420 Bangladesh Bulker 380 Tanker 400 Container 410 Turkey Bulker 270 Tanker 280 Container 290 For the full written weekly with tables and port position details, download it from the GMS App or subscribe to receive it by email each week.