Inside the Markets - Dubai Edition (November 2025) | Ship Recycling Trends, Currency Volatility, and Subcontinent Price Outlook

In this new episode from GMS Podcasts, host Jamie Dalzell is joined by Simos Dimitriou, Head of the GMS Dubai Office, to discuss how global economic pressures, shifting currencies, and fluctuating steel prices are shaping the ship recycling markets across the subcontinent.

As oil prices slide and OPEC+ announces supply cutbacks, recyclers in India, Bangladesh, and Pakistan face a stultifying market with tight supply and hesitant owners. From currency challenges and HKC yard compliance to creative deal structures in Dubai, this conversation offers real-time intelligence on how the region is adapting as 2025 closes.

Key Highlights:

• Current ship recycling prices and sentiment in India, Bangladesh, and Pakistan

• How currency volatility and Iranian steel imports are reshaping price competition

• India’s reliability through HKC-certified yards and compliance leadership

• The slow pace in Bangladesh and pre-election uncertainty

• Pakistan’s pricing correction and operational constraints

• Dubai’s evolving role as a hub for structured and leaseback recycling deals

• Forecast for early 2026 and expected tonnage flow

Despite the slowdown, disciplined owners and compliant yards continue to anchor confidence in the region’s green ship recycling ecosystem.