Author: Romil Sethi
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South Asia: Imported ship breaking offers rise further on active demand
Ship-breaking import prices in Bangladesh, India and Pakistan saw an uptick by $5-10/light displacement tonnage (LDT), w-o-w. The recycling market showed further signs of improvement last week. India competed well against its counterparts, snatching several units. Meanwhile, the other two markets, Pakistan and Bangladesh, largely remained silent with very few large LDT units booked. India…