According to a market report from GMS, the world’s largest buyer of ships for recycling, indicative prices for containerships in Pakistan are now around $380 per ldt, with India ten dollars behind, and Bangladesh a further ten.
The same differentials apply for bulk vessel prices, according to GMS. Pakistani breakers are now typically paying around $370 for tankers and $360 for bulk carriers.
The company notes that the European Commission’s most recent tally of approved recycling

