Ship Recycling Industry Playing “Musical Chairs”

Indian sub-continent ship recycling markets have been reflecting on what has been escalating on the international stage of late, reports cash buyer GMS. The company notes extremely turbulent effects emanating week after week from these markets — meaning it is becoming increasingly difficult to identify what price can be obtained for which type / LDT of unit and, most importantly, which buyer in which market would be willing to jump for the unit in question.

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