Limited interest seen in LNG vessel recycling
The Indian market has shown improvement in prices for the week-ended 16 June 2026 with plate prices having improved by US$17/MT which in totality works out to price improvement of US$31/MT over 30 days period, according to a report by the Wirana Shipping Corp.
Local scrap prices have increased by US$17/MT during the week showing a net improvement of US$22/MT over 30 days period https://www.nseindia.com/.
Ship recyclers are waiting for the local steel market to stabilize before they can offer any price improvement for upcoming recycling candidates http://worldsteel.org.
Highlight of the week from recycling candidates’ point of view is that LNG vessels have been circulated during the week for which there is a limited interest from ship recyclers due to bigger size of the units with perlite resulting in longer time required for recycling and this specially so because there is a good possibility of increase in supply of recycling candidates in next 3-4 months https://www.bseindia.com/. Fiinews.com
