Tag: BigMint ship recycling report
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South Asia: Ship-recycling markets remain resilient despite seasonal slowdown
Hormuz reopening improves vessel supply expectations Lower freight costs expected to boost vessel flows The South Asian ship recycling market showed signs of improvement during the week ended 19 June as easing geopolitical tensions and the reopening of the Strait of Hormuz strengthened expectations of better vessel availability across South Asia. Despite improved sentiment across…