Ship recycling market looking active as tonnage supply increases.

More ship owners appeared willing to offload their older ships as 2020 nears its end. In its latest weekly report, shipbroker said that following the sudden drop in price levels from Bangladesh this week, there appears to be a level playing field across all the recycling destinations in the Indian sub. Continent, with all areas now in the thrones of the USD 400-410 per ldt numbers, however, equally important is the supply of the larger dry units escalating with more VLOC and capesize bulker being...