- Dry Bulk Indices Mixed with Cape Leading Gains.
- Sub-Continent Recycling Steady, Dollar Weakens.
- India Corners LNG Recycling Sales, Rivals Lag.
After a few months of ups and downs, global trading markets finally saw a bit of stability this week, with oil prices inching up by 0.17% as the week wrapped up. Still, this marks a 1.4% dip for the month and a significant 10.8% drop compared to the same time last year, according to cash buyer GMS, reports Marine Link.
Dry Bulk Indices Mixed Despite Market Surge
“On the flip side, trading markets continue to edge on as they surged another 3.6% this week, but the Baltic Exchange Dry Index reported both Panamax and Supramax indices dipping nearly 2% and 3% respectively, while the Cape index, which has been carrying the bulk of the dry index sector, climbed nearly 1% this week.”
Sub-Continent Recycling Sentiment
For recyclers in the sub-continent, local steel plate prices have remained pretty steady across most areas, while the U.S. Dollar has weakened against major currencies, except Turkey, where the Lira continues to struggle.
“Supply too seems to have firmed a touch at the bidding tables of late, as recycling destinations continue to demonstrate the inflow of tonnage,” says GMS.
India Dominates LNG Recycling Sales
“A majority of the slim collection of recent market sales remained focused on India, with Pakistan and (especially) Bangladesh still struggling to summon any coherent offerings or a clear buying at present, even for those vessels that are literally positioned in their backyard or sailing in from Far East locations.
India, meanwhile, has cornered virtually all of the year’s LNG recycling sales, which have remained sporadically, yet mercifully, steady over the last quarters (and indeed for much of the year), as other categories have clearly remained tied up in their respective trading lanes – given the performance of various indices over all of 2025.”
Ageing Vessel Profiles
The average age of ships currently in operation keeps creeping up as shipowners take advantage of available employment opportunities. Nowadays, bulk carriers, container ships, and certain types of tankers are frequently exceeding 30 years old.
Pakistan Faces Regulatory Challenges
“And while local market fundamentals do remain volatile, regulatory (HKC implementation) struggles continue to challenge a Pakistan market that desperately needs to catch up with yard infrastructure work.”
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Source: Marine Link
