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Ship recycling rates near record levels

Propped up by strong steel prices, ship recycling rates in the Indian subcontinent region are approaching a staggering $600 per ldt

Demolition prices have doubled in the past year and are up 25% as compared with April this year. The supply of tonnage is increasingly centered around offshore units and tankers, especially smaller bunkering tankers, medium range tankers and aframaxes

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