UTC+8 ( BJT)

South Asia: Ship breaking prices stable in recent deals

ABSTRACT

Asian ship breaking market has observed stability in terms of prices during the week with few deals being concluded in Bangladesh & Pakistan markets. While India continues to struggle with the second wave of Covid-19 pandemic it has taken the focus of cash buyers away from ship recycling.
Bangladesh With the Holy month of Ramadan underway in Bangladesh and Covid-19 cases rising in the country once again, ship deliveries are expected to be disrupted, especially if the lockdowns are further extended. As per sources, local steel plate prices have registered some noteworthy gains over the past month and this

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