Shipowners and cash buyers continue to struggle with the ongoing tonnage shortage as sub-continent ship recycling markets continue down their current trajectory, says cash buyer GMS, according to Marine Link.
Return To NormalityNegativity is permeating across the industry on the back of a short supply of vessels and global economies that remain shaky. “As such, ship recyclers continue to chip away at signs of a return to normality as vessel prices dip closer to USD 450/LT and nervy markets...
https://mfame.guru/sub-continent-ship-recycling-markets-continue-down-their-current-trajectory/