Alang-Sosiya Ship Recycling Declines to Decade Low Amid Market Changes
In FY25, Alang-Sosiya in Gujarat recycled only 113 ships, the lowest in a decade, with a Light Displacement Tonnage of 10.06199 lakhs. The decline is due to booming freight rates, as fleet owners choose to keep old ships. Despite this, there is potential for increased volumes in the future.
