Ship Recycling Market - Week 11 - CATCHING THE HIGH!
Ship Recycling Market - Week 11 - CATCHING THE HIGH!.
The ongoing surge in recycling rates has sustained for another week, even though a slight reduction in supply coupled with some volatility on steel plate prices (especially in India), seemed to put a minor dampener across markets over the last few days.
An improvement in Container and Dry Bulk charter rates has reduced the flow of candidates for recycling over the last couple of weeks and so much of the firming local demand may still go unrealized for some time.
Indeed, there has only been a trickle of vessels for sale in this last week, and so only a few Owners appear to have cashed in at these higher rates, perhaps at the peak of the market.
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