Demand Rising in the Ship Recycling Markets

AI Summary

The ship recycling market is seeing firm demand, with Indian buyers showing strong interest in suitable vessels. The report notes that local steel markets have softened, though the available description does not provide further details on pricing or activity.

The ship recycling market has been seeing increased demand for ships. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling market remains firm during the week, with buyers showing strong interest in acquiring suitable vessels for recycling. Local steel markets have softened, although the ...