Ship Recycling Market Finding Renewed Support

AI Summary

The ship recycling market experienced gains last week supported by limited supply and slow cutting activity. India's market strengthened due to restricted availability of steel plates and several vessels remaining offshore.

The ship recycling market gained ground last week, as supply remained short. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market strengthened during the week due to the limited availability of steel plates, as slow cutting activity and several vessels remaining away from shore restricted ...