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South Asia: Ship-breaking prices volatile, demand firm


Ship-breaking prices in the South Asian markets remained volatile w-o-w. It has been somewhat an uncertain period for both Bangladesh and Pakistan markets, with prices falling amidst bearish sentiments throughout the week, especially in Chattogram. However, despite limited deals, demand remained firm.
Bangladesh Bangladesh’s annual budget announced last week brought good news for the domestic ship recycling sector. The Advance tax(AD) on imports of industrial raw materials has been reduced to 3% from the earlier 4%. However, ship prices in the long term are expected to decrease due to a reduction in this


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