Author: BigMint Technologies Pvt Ltd
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India: Pressure on Ship Recycling Prices as Buyers wait for further Correction
Alang: There are mixed sentiments in bulk ship breaking market. On one hand, appreciating Rupee gives an advantage to Indian importers and on the other, falling imported Containerized Scrap prices become a challenge. Buyers prefer to wait till market gets a direction. Dry ship prices are assessed at around USD 390/LT and Box ship prices…