Ship recycling market looking for solid footing.

The Ship Recycling market is still looking for a solid trend, as it remains in flux. In its latest weekly report, shipbroker said that "at present, there seems to be too many obstacles to give any comfort to ship recyclers and help in their analysis of positive sentiment. The seasonal monsoon season that is still causing havoc in the Sub. Continent, continued financial restrictions affecting the domestic Letter of Credit payment structures, weakening steel markets...