Ship Recycling Market - Week 13 - MORE MUTED!
Ship Recycling Market - Week 13 - MORE MUTED!
As the Holy month of Ramadan descends across much of the sub-continent and Turkey, it has once again been a far quieter week in terms of sales activity, and sentiments do seem to be more
muted, with focuses currently shifted elsewhere.
With Container & Dry Bulk rates firming once again, the number of firm sales candidates also appears to have dried up and this is leaving keen recyclers empty handed for yet another week.
While there have been a plethora of sales at the start of the year, particularly in the Capesize Bulker and Container sectors, the supply has surprisingly slowed so much of late, it nearly seems like it has timed itself in sync with declining sub-continent prices.
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