Ship Recycling Market - Week 09 - EAGER EYES!
Ship Recycling Market - Week 09 - EAGER EYES!
Strong showing: A strong showing from nearly all of the major recycling markets over the last few weeks has left a far rosier picture (especially in India, Bangladesh, and even Turkey) and has encouraged a few more Sellers to market their vessels for sale for recycling.
Sales register: Indeed, several sales market (and reportedly even private units) have also been concluded for the week, including another large LDT LNG (rich in non-ferrous) and another Capesize Bulker.
However, it has been a good week for dry charter rates (Capes in particular) with some healthy gains posted to alleviate some of the doom and gloom witnessed over the last few weeks. Recycling markets can therefore rest easy that the hitherto expected deluge of tonnage is unlikely to materialize any time soon.
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