Author: Romil Sethi
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South Asia: Imported ship breaking offers up to $15/LDT, w-o-w
Ship-breaking import prices in Bangladesh, India and Pakistan saw an uptick of $10-15/light displacement tonnage (LTD) w-o-w. The subcontinental recycling market continued to see rise in prices as demand outstripped supply amidst limited vessel availability. Furthermore, steel plate prices also improved (especially in India) which provided support to ship breaking prices. However, after a slower…