Author: Romil Sethi
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South Asia: Imported ship-breaking prices stable amid shortage of tonnage
In the ship recycling industry, even though the major recycling destinations are facing issues such as fluctuating currency exchange rates, restrictions on Letters of Credit issuance, offer prices remained stable week-on-week due to the shortage of tonnage available for recycling. Among the subcontinent players, Bangladesh is leading the price board, closely followed by India and…