Ship Recycling Market - Week 50 - LIMBO!
Ship Recycling Market - Week 50 - LIMBO!
Another lackluster week has descended across sub-continent markets, with India once again suffering steel reversals, a Bangladeshi market paralyzed by L/C restrictions, and a Pakistani market that is still confused whether to dip in to the buying of whatever unit comes available.
On the far end, Turkey continues its dead drift through the recycling stream as rumors surface about discussions with Aliaga Buyers regarding 2023 deliveries, in addition a degree of stability in its fundamentals noticed over the last couple of weeks.
Overall, tonnage flow has started to increase as well – particularly in the container sector, which has come off significantly since the impressive peaks seen over the last two years. Tankers too, continue to trade profitably whilst dry bulk markets (and Capes in particular) endure volatile weeks of fluctuations.
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