Low ship sales, trigger demolition market firming.

Prices in the ship recycling market have held firm over the past week, as supply has been slow. In its latest weekly report, shipbroker said that "after recent declines, ship recycling prices have held firm and even increased slightly, perhaps as a result of the relatively low number of demolition candidates. Bangladesh continues to receive the majority of vessels for recycling and the number of sales/arrivals is painting a much rosier picture of the situation there than was the case a month ago. Further positive news...