Yard Talk | Ship recycling recovery gains momentum
Cash buyers are being ‘starved of tonnage’ and the markets will continue to jump higher despite disruptions from the ongoing coronavirus outbreak, say industry players
Prices in the Indian subcontinent markets have broken into $300 per ldt territory and may even climb to $400 per ldt in September, while Turkish shipbreakers are benefiting from the boost given to them by EU’s Ship Recycling Regulation. Only Chinese yards are still struggling as they cope with a double whammy of Beijing’s import ban and the pandemic crisis
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