GMS Week 41 – Owners Hold All The Cards

AI Summary

The ship recycling market remains constrained because vessels that could be sold for recycling are still earning money in service. Chattogram moved back to first place among conventional recycling destinations last week, but its leading bid has yet to secure a vessel amid broadly stable buyer prices.

Last week, Chattogram reclaimed first place on the conventional recycling board. This week, its leading bid has been left looking for something to buy. Across the sub-continent, the familiar imbalance persists: end buyers are available, prices remain broadly intact, and the ships needed to turn both into transactions are still earning money elsewhere. The market ...