But now activity is set to slow down with the start of Ramadan
Dhaka – Bangladesh surpasses Pakistan in the ship demolition price rankings, but activity is set to slow down with the start of Ramadan, when workers observe fasting until sunset. Although the Gadani yards in Pakistan are ahead regarding Hong Kong Convention certifications, the Chattogram facilities are posting “very solid numbers” in terms of activity according to the weekly Gms update. Among other factors that have helped are also the strengthening of the local currency against the dollar and a $16 growth in steel plate prices. The Chattogram yards have focused particularly on large units, acquiring the second Capesize of the year, delivered last week. But the focus is especially on a nearly 27,000 gross tonnage LNG tanker that was taken in recent days.
