Ports and Shipping.

Ship recycling market still under pressure

The Ship recycling has remained under pressure, despite a few positive signs here and there. In its latest weekly report, shipbroker said that "there feels like some renewed vigour in the market this week on the back of some slight gains from the Indian steel plate markets. Price levels for tonnage giving delivery to India have increased by a small margin, but any gain is welcomed following the recent gloomy months. We are starting to see more tonnage flow into the marketplace, most notably, the smaller container feeder type units, although one larger container (2001 built) was circulated for a recycling sale, but we understand there is reasoning behind this proposal". The shipbroker...