Tag: South Asia: Ship recycling market shows mixed trend Indian offers rise $20-30/t w-o-w

The South Asian ship recycling market showed a mixed trend w-o-w. In India, subdued activity prevailed amidst limited tonnage availability and competitive pricing from neighbouring markets, exacerbated by ongoing elections. However, anticipation of the present government’s victory buoyed optimism, promising infrastructure development and boosting prospects for steel demand and vessel prices, particularly in Alang. Conversely,…