Best Oasis Weekly Recycling Market Report – 31 July 2026
Key Takeaways
- •The Alang ship recycling market in India showed improved sentiment during the week of 25 to 31 July 2026, with buyers actively pursuing available tonnage after a period of low activity.
- •Best Oasis Limited, a major cash buyer of ships for recycling, publishes weekly market reports covering key demolition destinations across South Asia and Turkey.
- •South Asian ship recycling yards collectively handle the majority of global ship demolition by gross tonnage.
- •India's ratification of the Hong Kong International Convention has driven ongoing investment to upgrade Alang yards to comply with international safety and environmental standards.
- •Ship recycling prices are shaped by factors including global steel demand, local scrap prices, currency exchange rates, and the supply of end-of-life vessels entering the demolition market.
Best Oasis Weekly Recycling Market Report – 31 July 2026
Published: 1 August 2026 | Category: Weekly Demolition Reports | Source: Best Oasis Limited
The Alang ship recycling market showed some improvement in sentiment during the week ending 31 July 2026, with buyers actively seeking tonnage after a period of subdued activity.
Best Oasis Limited, a leading cash buyer of ships for recycling, publishes a weekly ship recycling market report covering major demolition destinations. The full report for the week of 25–31 July 2026 is available as a PDF document here.
Alang, located in the Indian state of Gujarat, is one of the world's largest ship recycling hubs by volume, alongside facilities in Chittagong (Bangladesh), Gadani (Pakistan), and Aliaga (Turkey). The South Asian subcontinent accounts for the majority of global ship demolition by gross tonnage, and market conditions at these yards are closely tracked by shipowners, cash buyers, and maritime analysts. India's ratification of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships has contributed to ongoing investment in upgrading Alang yards to meet international standards, a factor that increasingly influences which facilities owners and cash buyers select for end-of-life vessels.
Ship recycling prices are influenced by a range of factors, including global steel demand, local steel scrap prices, currency exchange rates—particularly the Indian rupee, Bangladeshi taka, and Pakistani rupee against the US dollar—and the availability of end-of-life vessels. Sentiment at Alang and competing yards can shift week to week based on inventory levels at recycling plots and the volume of new tonnage entering the demolition market. Broader fleet dynamics, including oversupply in certain shipping sectors and regulatory deadlines driving vessel retirements, can periodically increase the pipeline of ships headed for recycling, which in turn affects price negotiations between owners and yard operators.
Source: Best Oasis Limited via Hellenic Shipping News.
Read the full weekly report (PDF): Weekly Ship Recycling Report, 25–31 July 2026