Author: Romil Sethi
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South Asia: Cautious buying weighs on imported ship-breaking prices
Ship-breaking import prices in India remained unchanged but dropped by $5/LDT, w-o-w in Bangladesh and Pakistan markets. Ship recyclers are in a state of confusion as they are unable to float firm offers amidst highly volatile conditions. Meanwhile there is a shortage of units in the recycling market which became a strong reason for end…