Ship Recycling Market - Week 37 - CURRENCY CAUTION!
Ship Recycling Market - Week 37 - CURRENCY CAUTION!
While the recycling industry seemed to witness some activity surfacing from the sub-continent markets last week, this week turned into a currency frenzy in both, Bangladesh and Pakistan, as the summer of minimal activity and sales seems as though it will sluggishly drag on.
Both locations reportedly experienced a sharp decline in their domestic currencies within the week, leading to more confusion & caution in the sub-continent and this could take a week (or more) of a ‘watch-and-wait’ attitude to see where post-currency-crash vessel pricing will eventually land.
Download complete report here: https://drive.google.com/file/d/1iSyANLTc2i4vod94ARy9SYnqEqgSMafV/view?usp=sharing