Author: Nishtha Mukherjee
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India: Ship-breaking in choppy waters on supply pressure. Will H1CY’22 be even tougher?
A total of 120 ships were broken in the third quarter of 2021 out of which 87 were sold to the beaches in South Asia – the world’s largest ship recycling hub. However, supply shortage has driven prices to exceptionally high levels, and Indian recyclers are likely to confront continued supply pressure in H1 CY’22,…