Ship Recycling Market Update Week 2 2026 | Bangladesh Rebounds India Slips Pakistan Steady Turkey Weak Prices Near $400

Week 2 of 2026 brings heightened volatility to the global ship recycling market as geopolitical tensions, rising oil prices and unstable currencies reshape buyer sentiment across the sub-continent. In this episode, Henning and Ingrid explain why USD 400 per LDT has become the key pricing level for shipowners, how Bangladesh has surged back to the top of the market, why India’s New Year rebound quickly reversed, and why Pakistan remains financially strong but constrained by HKC yard capacity. Turkey continues to struggle under a weakening lira and regulatory pressure, keeping Aliaga on the sidelines. The episode also looks at how steel prices are shifting across India, Pakistan and Bangladesh, how Chinese New Year could affect vessel availability, and what owners with ageing ships should be watching as 2026 begins. This episode covers: Ship recycling prices for bulkers, tankers and containers Bangladesh, India, Pakistan and Turkey market trends Steel plate price volatility Currency movements and buyer sentiment HKC yard capacity and certification limits Port activity and tonnage flows This podcast is essential listening for shipowners, brokers, capital providers, recyclers, and maritime professionals tracking global scrap ship markets.