Alang Ship Recycling Yards Face Crisis as Demand Plummets

23 Aug 2024 CW Team

Alang's ship recycling yards, a crucial part of India's maritime industry, are facing a significant crisis due to a sharp decline in demand. These yards, which play a vital role in the global shipbreaking industry, are struggling with reduced business activity, leading to economic difficulties for many stakeholders.

The downturn is attributed to several factors, including fluctuating global steel prices, stricter environmental regulations, and reduced shipping activity. As a result, ship owners are opting for more sustainable and cost-effective recycling solutions, impacting the volume of ships sent to Alang for dismantling.

This decline in demand is affecting local economies dependent on ship recycling, including those involved in labour, transportation, and materials supply. The situation has raised concerns about job losses and financial instability within the sector.

Efforts are underway to address these challenges, with industry stakeholders calling for policy adjustments and support to revitalise the ship recycling business. The focus is on enhancing environmental practices and improving market conditions to attract more business to Alang's ship recycling yards.

The current crisis highlights the need for strategic changes to ensure the long-term viability of the ship recycling industry in Alang, which remains a significant player in global shipbreaking despite the recent downturn.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..