GMS Inc. :: Ship Recycling Market - Week 42 - PROGNOSIS BLEAK!
Ship Recycling Market - Week 42 - PROGNOSIS BLEAK!.
The world finally gathered this week at the Tradewinds ship recycling conference in Dubai, for the first time in three years due to the onset of the pandemic.
The big topics of the day were discussed, including various green and ESG measures being introduced to secure the sustainable future of recycling of older seafaring assets.
Of course, there has been minimal activity to speak of in terms of sales, as we usually see one or two (market / private) deals being concluded and rates rising during the TW conference, but the event this year seemed to be an occasion for people to catch up, rather than conclude business, especially after the recent years fractured by Covid-19.
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