South Asia: Uncertainty in ship recycling, limited deals

Ship breaking prices in the South Asian market remains uncertain due to mismatch in demand & supply.
India Scrapped ship demand in Indian market slows down & several cash buyers struggling to offload their inventory at anywhere near break-even levels. -- Ship breaking prices in India stood at $305/LT for Containers, $285/LT for Dry bulk and $295/LT for Tanker. Offers declined by $10/LT w-o-w. -- The Indian Rupee against the


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