Pakistan leading demolition market price-wise.

Ship owners looking to scrap their older vessels, are more likely to find a good deal in the Pakistani scrapyard market. Shipbroker said that "it has been a week emphasizing how this market is ever changing and volatile, ensuring it always difficult to know a vessels true market value. This has come about following a change in sentiment this week with some conservatism on rates coming into force again. It has been reported that the domestic steel markets are quivering at the prices being seen in the international market and fears remaining in the Sub. Continent regions, particularly India, regarding the continuing rise of Covid-19 cases and the handling of the virus and importantly, how they intend to deal with the upcoming Winter.

Some hesitancy has also...

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