Ship recycling starts 2023 looking for more activity.
The ship recycling market has had a challenging 2022, with a general lack of activity. In its latest weekly report, GMS (www.gmsinc.net), the world's leading cash buyer of ships said that 'as we close out another year, sub-continent markets remain suspended at their weakest point for some time now. Pricing remains firm (given the historical price average has been around USD 350/LDT or so), but sentiments and conditions on the ground across all locations remain somewhat precarious. While Bangladesh has been the main proponent of...
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