Yards earn a return of barely 1% after selling the scrap at current prices ... the Indian state of Gujarat in late January. Workers at Alang have just begun pulling the tanker apart, a moment ...

Nolan, a Suezmax vessel built in 1998, is in Alang, a major ship-breaking center ... was at a cleaning yard in Indonesia last week, people familiar with the matter said.

Alang-Gujarat stands as one of the largest ship recycling hubs globally, boasting over 140 recycling yards. The ... recycled ships are a source of steel scrap. In 2022 and 2023, India dismantled ...