Ports and Shipping - Is the ship recycling market about to see more activity?

The ship recycling market has been hampered by reduced activity for quite some time. However, shipping experts feel that the coming weeks could offer some respite. In its latest weekly report, shipbroker said that "ss the days grow shorter now that the first of September has arrived, the engaging thoughts are whether this is the month which will see more supply of recycling candidates come into the market. We continue to see some of the vintage, Far Eastern controlled, dry bulk units coming for sale or arriving to the recycling shores having previously been sold off market.

According to Clarkson Platou Hellas, "following on from our report last week, Pakistan has jumped back into the arena and this week, a bulk carrier was sold delivery Pakistan for region USD...