Ship Recycling Market Still Soft

AI Summary

The ship recycling market remains soft with subdued buying interest and limited suitable tonnage availability, according to Best Oasis. The Indian recycling market weakened further, impacting overall global recycling sales.

The ship recycling market has remained soft over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian recycling market, which remained soft during the previous week, weakened further this week amid continued subdued buying interest. The limited availability of suitable tonnage has restricted ...