Author: Rounak Gairarey
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South Asia: Uncertainty prevails in ship recycling market, limited deals reported
Ship breaking prices in the South Asian market remains uncertain due to mismatch in demand & supply. India Scrapped ship demand in Indian market slows down & several cash buyers struggling to offload their inventory at anywhere near break-even levels. — Ship breaking prices in India stood at $305/LT for Containers, $285/LT for Dry bulk…